@Tal HalperinInvestors are definitely active in Greater Cincinnati, especially around the older SFR and duplex stock where value-add opportunities still exist.

Quote from @Greg Saia: @Jay Hinrichs Completely agree — risk is inherent, and the upside only exists because it’s not de-risked from day one.What you’re describing is a good example of being intentional about where the risk sits.

Put otherwise, what if the entire transaction was through LLC2 and LLC1 never existed...would LLC2 have had a taxable transaction?

They are based either on your lease length or the amount of time you’ve lived in the unit, whichever is longer:Occupancy or lease of 0-1 years: 30+ days noticeOccupancy or lease of 1-2 years: 60+ days noticeOccupancy or lease of 2+ years: 90+ days noticeIf the landlord fails to give proper notice, tenancy continues under the existing lease or rental agreement on a month-to-month basis.The same rules do not apply if tenants decide not to renew — tenants don’t need to give any notice for yearly leases.

✅ What features do you wish existed that current platforms don’t do well?

The interest rate of the new loan compared to the existing loan will likely have the biggest effect. 

@Pierre Guirguis - I think it depends on how much of your existing capital is currently "tied up" in the BRRRR.

Hey All,Arvada is proposing updates to its short-term rental rules, and the biggest change is Only ONE STR license per person would be allowed (down from up to three today).This would apply regardless of whether the property is owner-occupied or not, with a phase-down period for existing owners.This could significantly impact small investors who own multiple STRs in Arvada or were planning to scale.For operators with multiple STRs today in Arvada or other states, what’s the cleanest way you’d unwind or reposition properties under a one-license cap??

In addition I found these common misconceptions by investors about purchasing existing notes 1.

Karinne, Great thought on house hacking with your VA if that property exists in your area.