Quote from @Trevor Powers: Network, read/listen to books, and don't be too hesitant on pulling the trigger on something you believe is a good deal.

The city has definitely seen a rebirth in the last 10 to 20 years and the entry level is extremely low, that being said, you really have to develop a good team if you were going to be out of state.

In Pennsylvania, transferring property between LLCs triggers realty transfer taxes.

I am also an agent in Central Oregon, which like Denver, is an extremely tight market.

This will help you identify neighborhoods with potential for good returns.Calculators and Spreadsheets: As someone who appreciates data, you'll find Bigger Pockets' Rental Property Calculator extremely valuable.

However, when you sell the individual condo units, capital gains tax will be triggered on the gains attributable to those sales.Allocation of Basis: The original purchase price and any improvements made should be allocated among the individual condo units to determine the basis for each unit.Gains Calculation: When selling a unit, the gain is calculated based on the difference between the allocated basis and the sale price of that unit.Partial 1031 Exchange: You may be able to use another 1031 exchange to defer gains on the sale of individual units if you reinvest the proceeds into other like-kind properties.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

My mom had a stroke in April which has eliminated any possibility of her ever returning to her extremely stressful 7 job.

May I recommend anger management since you seem very triggered by me just trying to seek out some help in an area I'm not very familiar with.Cheers!

The short answer is yes you will likely trigger a tax consequence for selling your property.