@Sonya Brown sorry but where would I find access to courthouse docs or Randy?

i didn't even know auctions gave opportunities to actually have access to properties beforehand.Given your line of work, i would say that you are uniquely positioned to work well in the outlined situation.

Talk to your agent to get a little more information about this.I agree that if the unit is not permitted to be rented on its own, then it's probably best that you don't rent on any platform illegally.However, if you are able to allow access to the main part of the house, you may be able to rent the space as a room in a home depending on local laws and ordinances.

Hello,I sold 2 properties at a loss in 2023, and one property for a small gain in 2023.

Especially with the favorable tax incentives offered to buy and hold real estate vs the ordinary income tax you'll pay on private lending.A 1031 exchange would allow you to indefinitely defer all of the capital gains tax you would have to pay, and instead use it to purchase better performing property/properties.

The 1031 exchange would allow you to indefinitely defer all of the capital gains taxes and use it to purchase multiple newer properties with lower capital expenditures, in a better market. 

I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV.

The transaction allows investors to increase the liquidity and diversification of their real estate investments while deferring costly capital gains and depreciation recapture taxes that may result from the sale of a property.Benefits: REITs also can provide the same ongoing benefits of real estate ownership including income, depreciation tax shelter, principal pay down, and appreciation.

Foreclosure auctions are on the table, although least preferred due to the lack of interior access (maybe with more experience).

Selling an investment property can result in significant capital gains taxes.