Checking: collect all income here, then use it to pay bills.

Cash Flow Pays the Bills.

Benefits of the ATI ExemptionThe ATI exemption offers several key benefits:Reduced Tax Burden: By lowering the assessed value, property owners can significantly reduce their property tax bills, freeing up resources for other investments or operational expenses.Encourages Investment: For real estate investors, the exemption makes South Carolina a more attractive market by reducing the tax impact of property acquisitions.Substantial Tax Savings: The reduction in taxable value can lead to considerable property tax savings over time.Multi-Year Benefit: The exemption can apply for up to five years after the sale (based on SC revaluation cycles).Wide Applicability: It’s available for various types of properties, including multi-family projects, commercial properties, and even vacant land for development.Who is Eligible for the ATI Exemption?

We were recently sent a bill from the IRS from our 2019 return.

And 54% of the basis would be allocated to the 200K house.You'll have a small tax bill on the difference between your sale and purchase prices.  

I haven't done any deals yet, I've just started searching for a cash-flowing 2-4plex in the last couple months but I'm still about 6 months from being able to afford a 20% down payment with no cash reserves left for maintenance.Aquaculture is an interesting suggestion!

Quote from @Peter H Derry: Hey Carl, we have some opportunities for multifamily properties that fit this bill exactly.  

:@Bill GulleyThank you, kind sir.

- Dividing by 3 units (you have to live in one for first 12 months) leads to $1867/unit/monthly rent.- Dividing by 4 units leads to $1400/unit/monthly rent.What are you factoring in your ROI & cashflow calculations for maintenance?

When replaced with a gas boiler and seperate gas hot water heater the yearly gas bill was $1,700.