I remember years ago our attorney reviewing one such issue for a client that was coming over to us. 

It’s best to be overly cautious, as flood insurance can be a significant expense.

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

The cleaning costs alone were over $9k.

Over the past 15+ years in this business, i have seen the good, the bad, and the ugly. 

The university’s experienced strong enrollment growth over the past 20+ years, so it could be a good fit if you’re willing to cater to college students or young graduates.

You'll need to roll it over to a custodian (a company that holds and administers the IRA).

By utilizing section 8 income we will turn it into a property that is insured beyond belief and make over $ 418,000 gross $320,268 net.

I can't continue providing that service if the landlord takes over management.

They usually spend one day going through the property checking everything for a couple of hours and move forward.