You should also request a personal financial statement to better understand their financial health and proof of funds to confirm they have the liquidity for down payments and closing costs.

Now we are in 2025 and although I still own the trucking company, it has been an inconsistent pit that has technically brought me personally no profit.

What you've done in the past is no longer working, so what are you going to do differently going forward?

Hey @Robert Ellis, so I have no performance data for you on this topic, but you can try and scour AirBNB and VRBO in the areas you are building and see what other homes are bringing in.

That is what 1% of the $40,000 down payment costs were from when we refinanced it and started this process in Jan 2022.

Since it is no longer used as a long term rental, do I need to pay depreciation recaptur.You will not need to recapture depreciation at conversion.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

Given this market there's no low hanging fruit.

And that depends on how you view the costs.