Sounds like there may be opportunity.

You can 100% charge "Pet Rent" - cats in particular can be super destructive to homes if they start peeing outside the box and on the floor, you'll have to replace subflooring when they go.

Sounds like a good idea.

Hi all,Was hoping to get perspectives / hear stories on how others approached the possibility of selling RE assets and using the proceeds to paydown debt on other properties.Here is what I see as potential +’s and -‘s:+ increase cash flow by removing mortgages (so more passive income)+ opportunity to sell underperforming assets- less assets under management (so less potential equity appreciation)- taxable gains (will not redeploy into RE as my sense is we are near the top of the market)- 30 year fixed mortgages in place at low 4-handle rates (based on simple bond math, the value of my liability is shrinking on a relative basis as rates rise)Other facts relevant to my situation:* RE is but just one asset in my portfolio (and I’m fine with that); cash flow and appreciation are great, but I’m looking at the asset class as more of a long term hedge against inflation * not looking to leave my day job and / or replace W-2 income entirely with passive income * don’t need the cash flows from RE; again, I see the asset as a levered inflation-hedging play

So if someone sues you for your Ebay store they can now take your real estate...doesn't sound good to me.

Regardless, the 1031 allows you to defer that tax as well, rolling the adjusted basis of this property into the basis of your replacement property. 

In your case it sounds like “focus on maximum occupancy”.Unless you enjoy it, tinkering with building websites is an endless and painful game.

I thought that sounded pricey, but I've never done this before so I wanted to run it by you all. 

I actually climbed the roof with the seller and inspector and sounded like I knew what I was talking about.It's a team sport!

We are planning to replace them either way (estimated cost of $50k total), but I'm wondering if we should go back to the seller and ask for a credit?