Net Sale - This is the contract price, minus the closing costs and commissions.Net sale - adjust cost basis = net gainOnce you figure out what your net gain is then you can subtract state and federal taxes from that figure.

That 500/m loss does not include reassessed property taxes, vacancy, property management, maintenance and reserves  - so it will be an even bigger loss.A tax professional can assist you with your tax strategy and then you can work from there to identify the strategy to deploy. 

Don't buy any more assets until your reserves are filled again.

You need a reserve to handle unexpected costs, particularly during the first 1-2 years of ownership and learning how to manage the property. 

Cash Reserves & Emergency Fund✅ Have 3-6 months’ worth of expenses (mortgage, insurance, taxes, and maintenance) saved.✅ Keep an emergency fund for unexpected repairs and vacancies.2.

So you get to deal with that for the next 5 years while the city, the county, the state, the federal government, and all the political wannabes get all the enviornmental issues sorted out.Of course there are and will be exceptions of properties in between those two situations, but not everyone and maybe even a small fraction will probably try to solve their problem based on the law you quote.That is my guess. 

In 1982 the US Supreme Court went the other way in Fidelity Federal v.

This is from navigatehousing.com: "According to OMB’s guidance, any program that provides direct benefits to individuals is not subject to the federal funding pause.

See the 2022 annotated map below.Today, I estimate only about 16,000 acres of raw land remain, and this cannot be increased due to natural boundaries (mountains) and various tribal, DOD, federal, and state parks.

I grew up in rural north Idaho right near the CdA Indian reservation and my mom worked for the tribe.