Guess that yes, on all accounts above, I am better than average.I'd be pretty confident in saying that people on this site recognize that it is worth being above average and that taking the path of least resistance will give them less than average results.Good luck, man.

My guess is they'll recommend an "S" Corp in the state you'll be operating (even a Nevada Corporation will have to be registered in that state in order to be recognized).

When you put it back on the market, make it clear that work was done, as agents will be recognize the listing and will wonder why the price increased.Oh, and find a great listing agent to list it for you instead of doing it yourself.

Sounds like you may have created a taxable sale based the information you have provided.Like Ryan said 1031 exchanges must be handled properly otherwise they won't be recognized.

Finding and recognizing the deal is the problem.

Losses are recognized in the year the loss is realized.

On the other side, recognize with a SFH or condo, when you have vacancies or tenants that don't pay, the lost rents tend to hurt a lot more (especially starting out if you have limited resources and need every penny to make mortgage payments.)

The more that is paid the more of the profit you recognize.

Paul, I would hire a recognized PM company.

Recognize those conflicts with your intentions and ensure only to extend reasonable expectations on to the other party while the rest rests on your plate.