Your original 1031 did not defer all your taxes.

It's 2025, almost 2026, and everything in the tax industry is done remotely these days2 - waiting "a few months."

You fail material participation.This is the "outwork everyone" test.And it's where most STR tax strategies collapse under audit.

Rates are slightly lower today.

@Jill S Greff One thing to keep in mind is that property tax rates are low in SC but only if you live in the property. 

Over the last couple of years, investors have been dealing with higher interest rates, stricter bank guidelines, and shifting prices and rents in many markets.​News reports keep highlighting deals falling apart at the financing stage or investors needing more creative capital stacks to close.For those actively investing today, how are current lending conditions affecting your deals?

There will be one more FOMC meeting in December which will determine whether another rate cut is on the table.

Check with @deniselevans Alabama Tax Sale Attorney. 

**OPERATING COST REALITY CHECK:**- Insurance: +29% YoY (coastal exposure + reinsurance crisis)- Maintenance: +24% (labor + materials)- Property Taxes: +22% (reassessments catching up)- Condo Fees: +45% since 2021 (SB 4-D structural compliance)**MARKET DYNAMICS:**- Luxury ($1M+): 10.2 months inventory, seeing 10% discounts- Single-family: 6.4 months, still climbing 4% annually- Condo/townhome: 12 months inventory (buyer's market forming)**CAP RATE SPREAD:**- Miami core (Brickell/Downtown): 4.7%- Suburban (Doral/Kendall/Homestead): 5.3%- 60bp spread = biggest arbitrage opportunity in years**INVESTOR BEHAVIOR SHIFT:**Seeing capital rotate from luxury spec plays → workforce housing with stable cash flow.

You don't want to be in a position where you take a huge 401K withdrawal that it puts you in a much higher tax bracket where the added tax you would pay would be more than the added return you would get with real estate than whatever your 401K is invested in.Your net worth is about $1,500,000.What are your annual living expenses?