Since there are not many ways to reduce taxes retroactively for a previous year, understanding options like these can be particularly valuable at this time of year.

build it instead of buying it. especially in the 5-50 range you are going to get garbage that's 80-120 years old in c neighborhoods. i can find land in almost any zip code and make the numbers work in columbus. or partner on a project locally. just my 2 cents but build to rent is much stronger right now in my opinion in columbus than buying existing assets 

Since you and your husband bring 20+ years of residential construction experience to the table, you already have a huge advantage.

if there is someone who can build at a lower price in Columbus Ohio than us (my partner and I with both 10+ years of construction experience and I bid on a national scale) why not reach out and try.

although we bought about 6 years ago or so for 270 put 100k into it so you can do the math  no debt .. hoa 400  we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves.. 

Hi Everyone,I have been doing the rent by the room model for over a year and I haven't quite gotten the knack for maximizing my time and reducing the amount of time that the rooms are vacant. 

Replying to this thread that’s 6 years old to see if anyone has seen an update in the law? 

I noticed their business is listed as an LLC on their Zillow profile, and we also found that they have a few other unrelated LLC businesses that didn’t seem to work out for them over the years and were short-lived.

If you wonder why the latter doesn't violate the same taxpayer rule, it's because a separate IRC section 1041 enacted over 40 years ago essentially says that spouses can transfer property between themselves without tax consequences, and to my knowledge the IRS has not come down on any 1031 exchange since then in which husband/wife sell relinquished property and acquire replacement property in only one of their names or vice versa. 

Now i'm planning on being around 85 units end-of-year.