As I was living out of the country, I set up 'auto-pay' for regular bills, and alerts on bank accounts to keep abreast of any excessive dips in balances or unusual activity in general.

You're building solid wealth without the extra fees and pressure.Have you chatted with your regular lender about using them for your next flip yet?

As I was living out of the country, I set up 'auto-pay' for regular bills, and alerts on bank accounts to keep abreast of any excessive dips in balances or unusual activity in general.

Wilmington has a few meet-ups regularly as well.

Also, any advice on where I can purchase the materials (carpet / vinyl / paint for the interior / kitchen cabinets / bathroom tub and screen door) needed for the renovations at a lower price then what I can get from regular DIY stores?

If you have regularly accepted late rent up to the 15th day of each month then they could also use that as a defense that they can keep paying you up to the 15th each month even with late fees (which may or may not be enforceable in a given city or state) and that you must accept it because you have accepted it before.If they are nevertheless reliable tenants and you do wish to keep them then you could continue to lease it to them and even renew the lease in another year, but begin to curb acceptance of any late rent beyond the 15th of each month.

Don’t Forget the Long-Term: Hire a Property ManagerBeautiful landscaping can quickly deteriorate without regular care.

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.

@Andy Horobec, I think the co-living situation is great for some & indifferent for others that depend on the situation.In general, I'd always ensure that any potential property consider still meets the general criteria for what you consider is a deal as if you were renting it out as a regular SFH.Many people got caught up with this in regards to AirBnB, then I feel like oversaturated the market.

As I was living out of the country, I set up 'auto-pay' for regular bills, and alerts on bank accounts to keep abreast of any excessive dips in balances or unusual activity in general.