Not positive but I think you have to recapture it just like any sale.. so if you got 50k write off you will have a 50k taxable gain ????

I sold that house a few months ago to buy more units in cheaper markets.

@Stewart J berry tenants may not regularly seal granite, wipe up dark liquids fast enough or use trivets and cutting boards — think raw chicken soaking into your counters — so we’re fine with laminate countertops, hygienic and cheaper to repair/replace if damage occurs.

However, in that scenario is you can compete on price even 5% cheaper you may win.In FL - Clean and comfortable interiors with awesome backyards do much better than awesome interiors with blah exteriors.Obviously to have it all is the best, but dollar for dollar exterior amenities in FL have a higher ROI.

It will be a whole lot cheaper to do it now than when you have to give back a week's worth of rent, and then pay someone twice the going rate to go and fix it.

I suggest the cheaper route only if furnishing is not the longest timeline.  

Hi John, I would definitely look into a cheaper market in this case!

I started acquiring LTRs in my 30s and it was cheaper back then.

My question then is should I cosign with my father who has a lower credit score than my sister or should I look for something cheaper like a single family and do a brrrr strategy/flip it? 

I just stop talking and just followed and spoke when spoken to And he low balled me Mind you i have a new kitchen new bathroom room all new plumbing and electrical i gutted this house to the studs and my house is almost $40k lower if sold at this price cheaper then lowest house over here that sold