What Galen is saying is that you are taking your original basis out first which is not taxable. 

I can that zillow is generating views close to 10 every day but no contacts so far.How do you approach the situation when there are no comps for your condo?

We're thus able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis.

Located in: Trenton, NJ  one thing to realize and talk to your accountant about is if you assume it - do you assume it based on his cost basis, which could be a lot lower than the property value and then when you do eventually sell it, you could be hit with a nice capital gains bill. 

I’m being subject to what I believe to be discriminatory practices by a local government by whom has increased my tax basis by 50% and my usage of that tax basis by 20% with no evidence as to why which contradicts my inspections and appraisals and would result in a mortgage worth of taxes on a property that has been in my family for 18 years.  

I'm chatting with a guy who has a 5/2 SF house in the Tampa Bay area and he's renting out 5 rooms on a month-to-month basis.

I see on a day to day basis how landlords mishandle tenant default situations.

The math showed that was the right choice to get the step-up in basis within the foreseeable future.

Being cloud based has the perk of tons of freedom and less time constraints for meetings and trainings (but with the advantage of them being there every day if you want them!).

We look at the entire market everyday in a mass analysis and find many deals and I'm guessing more than what comes around "off-market".