Make sure to follow the terms of your lease and the statutes of the city and state where the property is located though, as they can vary widely.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Hi all,My state has two key statutes relating to late rent:1) Must give 5-days notice to tenants before filing eviction for unpaid rent2) Partial payments shall NOT be construed as recognition of tenancy and will not jeopardize landlord's eviction filing------------------------------------------------Let's say this is what happens, hypothetically:Jan 1: Jan rent due and tenant fails to payJan 10: I file for eviction, citing that as of Jan 10 the tenant owes $XFeb 15: Scheduled court date Tenant pays off Jan rent by Jan 31, they are technically no longer behind on rent, but as soon as Feb 1 rolls around they are behind again. 

https://www.kslegislature.gov/li_2012/b2011_12/statute/058_000_0000_chapter/058_025_0000_article/058_025_0108_section/058_025_0108_k/#:~:text=Security%20deposits%20shall%20not%20be,the%20property%20of%20the%20landlord.

@Shaun Palmer - from my understanding the English translation of the statute is this...  

It has to be an "arms length" "legitimate" offer.California and Oregon have similar statutes. 

That's exactly what the 1031 will do for you as well as also indefinitely deferring any recapture of the depreciation benefit you've already taken.Since 1031 is a federal statute it is performed the same in all states. 

(This language comes from the statute.)Also the reason STR works really is that STRs are not considered real property rental activities.

-For standard buyers (like you), the HOA can only claim the last 5 years of unpaid assessments, due to the statute of limitations under Florida law.

1. legitimate 2. have proper supporting documents 3. maintain record until statute of limitation expires4. balance it 5.

Now this does not mean that you cannot setup a trust specifically designed to hold real estate in CA and call it a land trust based on its purposes, you're just not going to get special protections or treatment of the trust as a "land trust" (e.g. in FL land trusts, by statute, provide asset protections).