Let me say something that is a bit sarcastic: the brokerage industry is an equal-opportunity industry: no matter your knowledge and skill level, you have an equal opportunity to success.

A lot of people get excited by the books and the YouTube channels, but when you actually run the numbers, it can feel like there’s no way to make it work especially with rising prices and Airbnb’s higher host fee.A few things to keep in mind:- Not all markets are equal.

Its very likely that all subsequent posts will be equally one-sided.

If all things are equal a little more EM might matter. 

Example: At 25% down, $250k equals a $1mm deal. 

In order to accomplish this I will have to put about 20% down which will equal 80-100k down over here in Tampa for something we actually would like to live in.

All other things being equal, the 4-plex is the better investment for nothing more than the financing.

Identification rules matter when you’re looking at fractional interests or multiple DSTs; most exchangers either identify up to three specific options or use the 200% rule, and they keep backups in case one deal slips.From an investment standpoint, syndication-style TICs and DSTs are passive and can be a good fit if you want mailbox income and institutional management, but they’re not all created equal.

However, even in an equal exchange, recapture tax might apply.

Its tough to know from this information as the endorsements offered are equally important to the coverage limits.