But remember this is not straight forward as the basis of the new property is derived from the adjusted basis of the relinquished property plus any amount you paid.

Quote from @Al Watts: @Jay Hinrichs btw i wish my dad was doing land sales back in the 60's and helping the family get a head start --oh wait he couldn't because he was being sent to the colored folks bathrooms and drinking fountains instead and being denied at the banks... 

I’ll be straight up, I really don’t have any insight on the Fort Lauderdale short-term rental scene.

You’ll find a lot of support here as you build toward that brighter future.Wishing you all the best on the journey ahead!

I am generating 3,500-4,000 leads PER DAY across 6,513 zip codes in 100 markets and they come straight from the courts, trustees, sheriffs etc.  

Once confident, then go ahead and do a flip yourself. 

Like everyone mentioned here, your background in construction already puts you way ahead.

However, a caveat is that we will accrue these losses across the entire year; they don't exist yet.My understanding is that IRS safe harbor laws could allow us to simply pay 110% of 2025 taxes (or 90% of 2026 taxes, however this will be hard to predict ahead of time).

January tends to pick up, so if you can get ahead with marketing and photos, you’ll be in better shape.When you start screening tenants, pay close attention to any prior rental-related debts, open collections, or bankruptcies...those are some of the biggest red flags you can catch early.For leasing, get your listing on as many platforms as possible (not just Zillow), and respond fast to every inquiry.

That was a fair criticism a few months ago - but not so much anymore, and less by the day.Multi-model reasoning today is lightyears ahead of where it was even 12 months ago.