Tax Policy: Proposed revision of high-income tax cuts to fund housing programs and economic stability initiatives4.

This is a perfect time to get your qualified intermediary involved if you don't already have one.

That could be something simple such as adjusting the amount of late fees or something more involved.

This strategy involves having a third-party entity hold the replacement property while you complete the sale of your relinquished property.

Rents are either stabilizing or lowering in Florida, in general.

You need to expect some years where the numbers won't be ideal until the asset stabilizes.

Not sure if how many partners are involved, but does the buyer have more or less than 25% ownership... many questions to ask and best to have a call or share your email address.If you want to share your email address

BUT I feel like I still have to have a ton of involvement especially with multiple rehabs etc, to dictate what expense is from what property and what the purchase was for etc. to be sure deductions and depreciation are correct.

It's not worth the extra monthly income that comes with getting involved with low income renters.

I’d love to have real estate provide some financial freedom/flexibility and create a portfolio that I could eventually get my kids involved with and pass down to them, but I end up feeling frozen/stuck based on the factors above.