I think by waiting to last minute to put things together you miss items and year end tax planning becomes problematic.

Don’t ever tell your banker you plan to live there.

BiggerPockets Pro Members receive access to the Free Stessa Plan plus some additional features like unlimited portfolios, unlimited chart history and Schedule of Real Estate Owned (SREO).

Does anyone know of any other ways to gauge the effectiveness of this plan? 

@Tonio PearceYes you should create a business plan.

A tax advisor specializing in real estate can help you navigate deductions, plan for 1031 exchanges, and ensure compliance with ever-changing regulations.

Plan for a smooth transition: Respect the notice period and prepare for any potential disputes.

I'm finishing up the last of my engagement letters for next year and I know many of us will have sporadic availability for tax planning after this week due to the holidays. 

@Jaycee Greene I planned to approach the seller to explore the possibility of carrying a seller's note.

My friend and her husband disagreed and let the buyers know and that it was still covered by warranty.