You typically offer it to your partner first to see if they will buy you out.

@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Bonus, Overtime, and Commission income all typically need a 2 year average either at the same job or in the same line of work.

How much upfront costs are typically involved in a project before you know if it's a viable project to pursue? 

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

It generally isn't worth the brain damage of experimenting though....especially if you want to move to a new home that you will own inside of the typical lender's seasoning period.

Hello, my name is Kamarye Hodges and I am a broker, I wish to gain insight and experience.

Last but not least....A few members in replies have already mentioned why it makes sense to hold…….I very much appreciate ALL FEEDBACK, however I think it will be helpful to provide some added context as to why I am absolutely certain (and my CPA’s are convinced as well) on my decision to liquidate the entire portfolio and onceAs I educate clients on daily, income tax brackets as well as long term capital gain tax brackets in our country are more favorable right now than they've been at any point in the past 80 years.

Look into connecting with some local investors, they typically have meet-ups often and swap stories and different strategies.

But once they give it to you, you inherit their cost basis and have a taxable gain.