Note: Florida charges a hefty tax on rentals under 6 months. 

Those non-cash expenses definitely helped us out during tax season.2.

I assume your question means you already have a 600k property that you owe 420k on, and are wondering if you sold that property to buy more properties which way would you come out better over time. 

@tom shallcross summarized this well in another post and just inflate your numbers up for a $665k purchase price and $2300/mo per unit for rent.Borrow 80% which is like $3700/mo for Principal, Interest, Taxes, and Insurance.

planning to list them for 2024 taxes as 6 different properties and when rehab will be done , I will get all 6 deeds, can I sell individual condo and 1031 based on basis I will show?

You can find us online.Current Ideas: Video Series on Passive Investing in MHC, Tax Benefits of MHC, Investing through 401k etc. 

It probably be best as a friends-and-family type loan, but I don’t have anyone around me that is an appropriate lender.If I have to, I can put the funds in myself, but its inconvenient, and would come from investments that would need to be sold, taxed, etc.

The property is distressed (unpaid taxes for 2 years).

She still owes 57k on her 80k mortgage.

The greatest property tax sale state