Having moved to Texas from Tennessee, I'm actively exploring the local market and excited to connect with this community to gain insights and knowledge from experienced professionals.

. - A 6 month renter is NOT something one gains on demand.

I understand there are other reasons to consider that are not in the equation, i.e. tax planning and long-term benefit, improving cash flow over time, and equity gain.

This all sets the stage for what I share next and that's the frequency in which those who post about their lofty goals are seemingly unaffected by the sound advice those who have nothing to gain have to share.

However, we are unsure whether we need to pay taxes on the capital gains from the sale.

Since you mentioned your W-2 income is above the threshold, it’s likely that you don’t qualify for this status, so the losses would be suspended and carried forward to offset passive gains in the future.With REPS and 500 hours of material participation in your LTRs activity, you can release your losses from LP interest.

I believe I make MORE money by charging less in large part because of the reduced vacancy.If you can keep tenants on average a couple extra years and basically eliminate a 2 month turnover you have gained 2 months rent.

Would it be ok if we connect, that way I can personally message you to gain more insightful information?

I’m looking to connect with others about investing in these areas, whether to provide support and hopefully guidance to avoid landmines or to learn and gain insight and share resources in order to gain strength though shared successes, challenges and ideas

Bigger appreciation gains (3% appreciation on a $1M is better than 3% on $100K) and you have bigger loan buy downs.