Once you master how to navigate the requirements of the 1031, you can primarily focus on the beneficial compound effect it can add to your RE investing career.

If you do not include management in your underwriting, you are in effect committing to working for free.Good luck What kind of great co-hosting fee are you getting from your connection? 

in the first few years of LTR ownership there is effectively zero cash flow - none. 

That gives her 2-3 months before the new rate is effective (depending if you talk beginning or end of the month).

So from what I am getting, this would probably only be cost effective on a larger building if the property is existing but on new construction it is a good idea to integrate a cost seg analysis?

At first blush, it doesn't seem cost effective to have full cost segregation studies completed for my current portfolio.  

Why this beats paying cash for one or two propertiesIf you pay cash for a couple of them, you lose the compounding effect of having four leveraged assets appreciating and amortizing simultaneously.

Vitaliy, in Georgia, a new law, HB 399 went into effect last year requiring out-of-state landlords to retain a Georgia licensed broker or property manager to oversee rental properties including tenant placement and tenant communications.Attempting to place or self-manage tenants from out of state not only puts you out of compliance with this requirement but also substantially increases the risk of poor tenant selection, non-payment, property damage and costly evictions.

I maintain a simple yet effective Excel spreadsheet to track appliance and improvement details for each rental property.

Suspended LTR depreciation/losses often aren’t lost, they can carry forward and may be released when you sell, so the “can’t use it” point may be overstated.Real estate sale taxes aren’t just 15–20% LTCG: depreciation recapture, possible 3.8% NIIT, and state tax can raise the effective rate.A 1031 has strict deadlines (45 days identify / 180 days close); if you need more time, consider reverse 1031 or a more passive “parking” option like DSTs.STRs can potentially offset W-2 income, but it’s more complex than “100 hours”—material participation rules and documentation matter.Cost segregation can be powerful but only if the deal supports it; it accelerates depreciation and can affect future recapture.Consolidating into fewer properties can reduce operational risk, but watch market/regulatory/insurance volatility.Best next step: compare hold vs sell taxable vs 1031 with full tax/return components (recapture, NIIT, suspended losses, timing risk).Always consult with a CPA who specializes in real estate.