You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

I would take all of the details of your current properties, project what the sale would be, and what does that leave you to invest?

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

$25k is only 4.16% of your new purchase price, heck of a deal.Thank you for your service and let me know if you want to talk any more details and run actual numbers based on your situation.

In the meantime, would something like this interest you: https://www.realtor.com/realestateandhomes-detail/1-McDevitt...?

I borrowed more money and built a new detail shop; no more crummy landlord!

Originally posted by Account Closed1) https://www.youtube.com/result...2) https://www.youtube.com/result...a simple google will find details on tax strategies for RE investors, just find a good local CPA who can work with you and is knowledgeable.  

Get into details on how renovations are done with units occupied, what systems they use to mitigate tenant fraud on applications, how they set price levels for the units?  

Last year January MN enacted the biggest # of changes all were added details and raised the bar of requirement for Landlords, including some specifically detailing how a listing must be detailed.

While the details are too long for a post, I wanted to see if anyone would be interested or willing to give me some feedback on the actual structure.