It's currently only earning around $2,000 - $4,000 per year in positive cashflow though, and I'd like to sell it with a 1031 exchange to get that equity out tax free and redeploy it into a stronger cash flowing multi unit property.

The setup with a separate rentable space is the stronger long-term move because it helps offset the mortgage faster and gives you more rental flexibility. 

Getting your numbers dialed in now sets you up for better decision-making, smoother tax filing, and a stronger start to the new year.

For investors, this could mean rising rents, tighter cash flow deals, but stronger long-term appreciation.Curious to hear from this community:👉 Do you think NAR’s outlook is too optimistic?

That alone makes the advice feel real and actually usable.I also appreciated how he ties current and future trends into investing.

The Indy market was stronger for most, longer than most, but we hit sudden softness this fall. 

This strategy can generate a lot of capital to reinvest into stronger appreciation plays later, but it’s also the most time intensive.In reality, you need both.

.▪ Institutional OpEx benchmarksA one-liner that ties expenses to actual operator averages helps align expectations early.▪ Brief risk/mitigation bulletsDoesn’t need to be heavy, just shows we’ve already thought through the downside.Those couple of additions have made conversations with lenders much more efficient on our end, especially when moving from preliminary interest to real underwriting.Appreciate you sharing this, would definitely like to take a look at your full checklist PDF as well.

They have hired a great real estate agent and tied her hands by giving her a dead website to work with, minimal marketing for the project. 

Stronger Appreciation Potential:Market appreciation for SFHs is largely driven by owner-occupant demand.