They can offer valuable insights into the local market, potential rental yields, and specific considerations for a rehab project like the one you're planning.

I’m here to connect with like-minded individuals, gain insights from others, and contribute value wherever I can in the real estate field.

For the moment though, I am just trying to gain a more robust understanding of all things real estate that I could reasonably see in my future.  

Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

It will save you a ton of money upfront and you'll gain the experience to upgrade to larger deals.  

It is a great tool for investors who have capital gains.

Make sure this enough gains to make it worth worrying about.

if you have lived in the property for 2 out of the least 5 years you will not pay taxes on the gain, so if you want to sell make sure you do it soon enough to take advantage of that tax advantage.  

Appraiser's learned a valuable lesson in 2008 when they were accused of being one of the causes of the great recession.

There is no current tax on rental income and capital gains.