Because you admit you do not know the structure, traps and pitfalls of subject to, you need an attorney that is experienced in contracts to walk you through this.

You can end up in an odd spot where these previously disallowed losses are disallowed nearly permanently until either a) you are no longer a real estate professional and you un-aggregate your rentals or b) every single one of your rental activities is disposed of.I have one client right now with some material passive activity loss carryforwards, that the decision was made to wait to make the REPS related election until they utilize these loss carryforwards, so they don't become trapped. 

Hey David,I am born and raised in Southern Vermont (Wilmington/Dover) and work (real estate and former jobs) in the Berkshires.

Let me ask you this: is it fair to require a natural-born US citizen to submit to a credit/criminal background check, but then waive that requirement for someone in the country illegally? 

If that person needs to buy another house in the same area all those houses have gone up just as much. that's True Eric however many people move  being born and raised in the SF bay area this has played out thousands of times  get your appreciation.. go to Portland pay cash.. go to Dallas pay cash and most peeps that retire usually go someplace cheaper.. really works well for those that can build their own homes live  in them two years and sell profit is now tax free.. more than a few builders do this if they can talk the wife into it :)

Funding with hard money for your first time will cost you your right arm and first born.

I don't like trapping clients with me that may not be a good fit.

I have been born and raised here and have found nothing but a great market here.

I read your bio and saw that you were born in Toronto and now live in Florida… That is exactly what I’m working towards with my end goal. 

This psychological trap causes us to stick with a plan even if it no longer serves us and the costs clearly outweigh the benefits."