It also depends upon the CCRs themselves — they can control as to priority — and the date of the assessments in question versus the date of the lien being foreclosed.Way too many variables for an accurate answer across multiple jurisdictions.

If you continue using it as a rental but reduce STR activity below the material participation threshold, your deductions may become passive and subject to loss limitations.2.

It’s great that you’re starting young and thinking about creative financing—that’s key when capital is limited.

Please consult with an attorney that is familiar with 1031 exchanges.If you move into the farm after two years and later sell it, capital gains will be prorated based on investment vs. primary residence use, limiting your Section 121 exclusion ($250K single / $500K married).

Hey @Ingrid Hussey, we’d also recommend QuickBooks—specifically QuickBooks Online—so you’re not limited by Mac or PC and can access it from anywhere (not just your local system).

The process has been gradual due to limited capital and DIY work.

I understand the two main downsides of condos being monthly fees out of your control and little appreciation. 

Limit on rentals and we are above that limit today, so no new buyers at this time can buy to rent. 

In my limited understanding it seems like the aforementioned brick needs to be reattached.It is my belief that the damage to the lintels, bricks and the internal water damage is due to the roof.

You are only in control of what you do.