I know it is alot, but I thought with a open schedule and possible ability to get this property at a discounted price it could bring in some return as I would have an easy tenant and location is perfect. 

For furniture, thinkwhat maybe you have had in the past that you have had a while and maybe try tofind that at a discount.

Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!

Mainly buying up LTR'S for cash at a deep discount. 

From a sales perspective, if you're married ($500k) or if single ($250k), you'd have a portion of the exclusion (%50) assuming the square footage is the same for each unit (assuming a duplex)The remainder (%50) could be 1031 exchanged into another property tax deferred. 

Because currencies theoretically are worth all of the economic activity that takes place upon their plane plus some a discounted valuation of all of the economic activity that *will* take place upon their plane. 

For example we write exclusive use of the rental property includes use on two sides to the tree line, on one side to the rock wall and to the front curb. 

Capital gain can be avoided by using sec 121 home exclusion (upto certain limit).

I bought on a discount to gain equity day one.

But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.