Property taxes are high in NB, but there is still money to be made.

This includes budgeting for renovations, understanding your cash flow, and preparing for both expected and unexpected expenses.Legal and Tax Considerations: Consult with a legal and tax professional to understand the implications of renting out part of your home.

Some major pending (and potentially retroactive) tax law changes made it through the house. 

The units were then sold as condominiums (where separate tax ID's were issued for each unit) & the buyers had no issues financing the units.

I don't have any experience with this sort of business, so if anyone has any advice on what I should I look at and in general if carpet/flooring cleaning in a city like Austin would be profitable (according to the owner, it has around 40% profit margin). or if you know anyone in this business that I can consult with, I'd really appreciate it. 

These deals will be more passive and you can still get the tax benefits of owning real estate, plus debt paydown and appreciation.

Thanks If dad wants to take it out, it would be taxed. you can convert it to Roth but it does not make sense as you will pay taxes on the conversion. 

What innovative strategies are real estate professionals using to minimize capital gains tax on property sales?

I am self-filing my taxes through TurboTax (extension in Texas due to ice storm) yet I can't seem to locate where or how I would apply the cost segregation numbers to maximize the tax advantages.  

My investment team will include the following individuals: Investors, Lenders, Brokers, Tax attorneys, Accountants, Realtors, Business consultants, business mentors, appraisers, construction contractors, marketing team, and fiduciary financial advisors, who else should I be working with?