In the event you underestimate the section 1245 assets, an audit would simply result in an positive adjustment for the tax liabillity.

You can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenings6.

Seasonal Strategies:Off-peak discounts or promotions: Offering longer-stay discounts or special packages for holidays or events in the off-season can help maintain occupancy.

The following worries/confusion I have are:- I can't attend seminars/clubs.

I'd attend that!

I've been attending an investing conference for the past 15 years off and on and feel like I've outgrown a lot of it.

I realllllly don’t want to sell because I don’t think it has had enough time to appreciate, but I also don’t want to waste thousands of dollars every year in the likely event that my co-op board will not allow me to keep renting out my place.

A few tips to build it faster:1) Attend local real estate meetups and networking events—Houston has an active investor community, and BiggerPockets is a great place to connect with others before meeting them in person.2) Join Facebook groups and other online forums for Houston real estate investors.

Partners are difficult to find as well because most people at networking events are either have no experience, looking to remain more passive or way too experienced and have their own dream time.

But, in the event you really are persuaded that it is important to separate each asset, ensure that whoever is managing the books/monies on the LLCs are doing it 100% correctly as even a small mistake can allow would-be litigants to pierce the corporate veil and render all of it in vein anyway.