This would involve recognizing a loss on the portion of the property disposed of due to the replacement of the roof.Your understanding that taxing insurance proceeds and tracking depreciation or partial dispositions are distinct matters is correct.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

There are solutions for regular noise issues that don’t involve the landlord.

Your deal structure involves a hybrid approach of a land contract, "subject-to" financing, and flipping.

This is a LOT of $$ involved and I would not give up just yet

In theory they should've seen / known about the violations before the city got involved.

Become a member and get involved.

It really depends on you and how involved you're willing to be, especially if any of your current at-large operators don't work out.

I am also eligible for the Section 121 exclusion for this transaction.I received two 1099-S forms from the title company: one reporting the cash proceeds (box 2 for Gross Proceeds) and the other showing no amount in box 2 but with box 4 checked, indicating the transaction involved a 1031 exchange.

Maybe something Texasthemed or even Waco specific involving the university or the Silos, or aspecific theme for the house to name it after.