So, don’t let the uncertainty in a shifting market make you think it’s a bad time to buy.

So the general order of operations should be:Focus on maximizing depreciation;Then assess REPS or the short-term rental (STR) loophole;If you qualify, look at further ways to drive losses.Of course, this is a general framework—specific facts and circumstances could shift the strategy.

Renting the property out through a trusted property management company can truly be a game-changer — especially in a shifting market.

I would recommend waiting to see the market shift.

.- Roof vents were not secured correctly, so that lead to a leak into one unit when it shifted, was about $750 to get the vents secured and have additional ones added to bring it up to proper number.- Still need to get the gutters done, they need cleaned and one of them doesn't drain as it should.- Main water line and entire meter popped off the main supply line and had an unimpeded 1" water line dumping into the basement on mother's day, was about $1400 to fix, and basically an afternoon of waiting around for city and fire dept to turn on/off water at curb. 

If we are shifting back to the 1031 option, then our firm has had good success and regularly refers clients to Deferred - https://www.deferred.com/partner/anderson - for a great option when it comes to a qualified intermediary.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

On the topic of location, as a local investor and agent, I have personally shifted away from the city and focused more on the suburbs for investing.

We had a client shift to self-management in May.

Now we have really shifted our focus to growing the lending side i was curious to see if any Tx. based wholesalers needed training/mentoring. 

Just take it step by step, stay focused on your why—your family, your future—and you’ll start to see the shift.