Understood, thank you 🙏🏾

Therefor, I understood that I would have to pay taxes on my sale in the upcoming year.

I also understood that Northwest Arkansas had some major opportunities in the STR game and found a way to capitalize on it!

@Andre' Indigo understood, I'm familiar with White Plains, working here for the past 17 yrs.

I'm glad you understood this takes a substantial investment.

Like buying some flashcards and getting all the vocabulary understood. 

@Brie Schmidt One item to note, I sort of touched on in my earlier post where I mentioned the distribution and contribution on property but thought I should outline a bit more...Because you have financed properties (if I understood correctly) you want to be very careful about moving those under the corporation.

From what I understood from the estate attorney I spoke with, being that the house is his only asset and considering his age (84) and the lookback period (5 years) a revocable trust may not be the best option

Consider the cheapo $150k condos that exist even here in the SF Bay Area (2% rule -> check)... b/c you can't get a normal mortgage on them, otherwise they'd be $650k condos...Understood. 

@Nghi Le I am paying about $40/month in PMI so I never understood the aversion to it.