Here’s a simplified approach:Calculate Costs: Determine the net gain from selling each property after costs.

Make sure the numbers work and you wouldn’t be better of selling and taking the gain.

That said, if you can gain some basic knowledge and take away a few good nuggets from a course as a newbie, then it could be a good starting point (of course the best starting point is doing what you are doing here, engaging the BP community).

Recording affidavits and death certificates: $100 [ I gained the property by rights of survivorship and the past owner died but we need to update the title]My Questions:1.

Also, the rental was 1031, so I would have to pay taxes and cap gains right?

Upon selling it you exchange to a like property to defer the long term capital gain.

A long-term hold in those locations will net you great profits decades later. so much so that you'll be able to extract the equity when you need it and not be worried too much about the capital gains because the gains are so great.

I'm now taking out cash and funding the rest of the fix up, as well as going to gain significant cash flow.

I plan to sell quite a bit of stock this year (2024) in order to fund some renovations and want to use the depreciation of these properties (if possible) to offset my capital gains when i sell the stock.

When you donate appreciated securities that you have held for more than one year, you can avoid paying capital gains tax on the appreciation.