With respect to your 2 questions, 1) when you sell the property, all the depreciation taken (regardless of whether it was used to offset income in the past) is subject to recapture.2) You can reduce your taxable capital gain by subtracting the selling expenses from the sale price.

Brand new schill account that tried to throw shade at some of the most respected investors in the country.

I am wondering if anyone has any recommendations on well-established groups that host meet ups in north / central New Jersey. 

I am starting my real estate investing journey and have been hitting a wall with the type of entity that I should establish to start my business, such as an LLC.

I would assume there are some people on here who have gone down the path of developing affordable housing projects for their respective markets. 

I respect and learn from my elders and actually appreciated your initial post, appreciated your second post even more

It sounds like you're working really hard to make this work for them instead of measuring them against hard standards.I recommend you establish clear screening criteria.

To be a reliable and successful Private Money Lender, focus on building strong relationships with borrowers and real estate professionals, thoroughly assess each investment opportunity by conducting due diligence on the property and the borrower's financial background, and establish clear lending criteria to mitigate risk.

You do have to be aware of cultural differences and other challenges:- In other countries, workers ALWAYS take their birthdays off- You should inquire about & respect local holidays- Timezone differences of more than 2-4 hours, can lead to mysterious "sick" days.

I have also established a Google Business Page.