The best strategy depends on your goals, but here’s a breakdown:Selling outright would result in paying capital gains tax and depreciation recapture, but since the appreciation is minimal, the tax impact may be relatively low.Gifting the property to your son could potentially allow him to sell it with a lower tax rate, but since he hasn't used it as a primary residence, he won’t qualify for the exclusion of capital gains tax on a primary residence, and you'd need to account for gift tax implications.1031 exchange could defer taxes, but you would need to purchase a like-kind property of equal or greater value and meet all the IRS requirements.

You have a full plan that, over time, results in a better way of life and more time with family.

You can't expect to get the same results investors were getting in 2018.You can play with the numbers a little, but be careful.

Doubt this is the final version as the "smart" people in the city understand Detroit is coming back and needs to keep welcoming investment instead of putting up roadbloacks:)As many STR landlords have learned in other cities and in oversatuarated areas, it's always good to have a backup plan!

Yeah, were freaking morons for expecting anything different to have resulted from raising a generation of human cat's......

If the comps truly support $280–$290K, the appraisal might not hinder your final sale price, but it’s critical to prepare for hiccups.

So I wrote a long article evaluating his claims, which he (apparently) became aware of, and then succeeded in getting Google to remove from search results.

- Stock & LeaderIt is questionable what the end result of that statute is going to be.

These efforts to avoid paying Vrbo compensation are a marketplace violation and may result in penalties, including termination.

Selling an investment property can result in significant capital gains taxes.