Leave a path to the back for the remaining farm ground.It's a numbers game, don't let greed (not paying taxes) get in the way.

Selling @ $500kLender providing $490kCan the remaining $10k be carried by seller?

Selling @ $500kLender providing $490kCan the remaining $10k be carried by seller?

When we decide to switch companies (we just did this), we formally evict our "employer" from the building on the same Friday we quit, and the branch remains physically in place with new signage up, new phones, new computers, lease signed with new employer, et cetera, on Monday. 

City must be in accordance with state constitution etc, but remains vague enough to pull the wool over the eyes of homeowners and private property rights.. anyhow, thanks for the input Nathan, we’ll see how it goes in a couple weeks 

Fixed expenses are simpleInsuranceTaxesThere will be slight variations in those, but more or less they remain consistent.

-You remain on title.

If she made say, $275K from the sale of her condo, then there is no capital gains tax on the first $250K, but she will pay capital gains on the remaining $25K.If the condo is an investment property, she can avoid paying capital gains if she does a "1031 Exchange". 

(Someone spending months.)If you want to remain in the STR/MTR business: See if it has any resale value.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.