My tenant found sublease for 500 less than he pays. He has 3 months of rent left and this is for 1 year new contract. Should I recover 1500 from him or 500*12?

Originally posted by @Jason Fitzwater:Question to all of the ATL investors on this thread:  Why does the proximity of the rental cabin to ATL make a difference for you all? 

Pay off existing mortgage: The new loan pays off your original mortgage, including closing costs and any prepaid items.2.

Originally posted by @Andrew Hogan:Thank you @Russell Brazil.

These were originally built for students, but with population growth outpacing student numbers, they converted and are now thriving as traditional multi-family units.

The way a 1031 exchange works tax wise in the simplest fashion, is your initial basis in the original property you sell becomes your basis in the new property.

Our major focus has been developing two larger (for us 220/365 units) locations in a larger town and we haven't looked back at our original locations. 

For example, the “Home Sale Exclusion Gain” (IRS Section 121) lets you exclude up to $500,000 in profits if you are married filing jointly and $250,000 if you are single.The post originally appeared on the BiggerPockets blog.

Because at this point there's no guarantee that you'll get your original principal back out - especially on any deal where they are calling for more capital.

I could work backwards if I had to to add up all of the depreciation I claimed over the years and subtract that from my original basis, but I don't know what the original basis was.