Those memos do not hold authoratative weight but shows the IRS’ thoughts!

Maybe, maybe notYou have to weight the pros / cons along with the risks.Your BP mentions you are 'new to real estate'.You are getting into a new asset class along with a business(I consider a STR more of a business than an investment).How much will you save in taxes?

The market actually did have a good size gain.  

The downside is that the market drops and you lose more than you gain; but if you can weather the downturns things have historically always gone back up.

Even without that, it can help you offset capital gains from the sale of real estate or passive real estate income.  

Consequently, you could also have to gain to lease which is the opposite, but seen a lot less in residential. 

@Jeff Fortuna@Dan Rowley I am getting 8.5 percent cash flow that is about 60 percent tax free from the mag syndication with a cap gain coming when they start selling properties.  

- **Tax Advantages**: Mention potential tax benefits of seller financing, as he may be able to spread out the capital gains tax liability over time.### 5.

I have been pondering for years on how & where to start and have decided to connect on a larger scale to gain knowledge & guidance to get started.

Additionally, check with your CPA for any tax implications, even if you don't expect capital gains.