Columbus is the perfect case study:Most investment properties sold here were built in 1900-1950.

Quote from @Michael Navales: Quote from @Budhavarapu Ranga: Hi,Me and my friend OOS have bought a new single family home in Buda TX as a rental investment.

These properties were purchased for investment only purposes (they are not second homes/duplex’s etc).

There is just no way someone can guarantee you make $500K and have 100% success rate.The other issue with this sales process is the amount of time they make you invest.

(Still doesn't help me with the 2-party HOA).The property is my cash cow and a great investment, I rent weekly in the summer months and 9 months out of the year to students.

For context, I am working on a passive investing platform with no cash-flow and emphasis on equity growth.

Retired and looking to invest in properties for rehab, rent and refi.

Investment Info:Single-family residence buy & hold investment.

Congrats on owning your first home in North Port, FL and looking to take that next step into long-term rental investing.

While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.