They paid their portion of the rent.I have found a lot of investors bring their personal or political feelings into the investing conversation. 

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Personal loan for renovations How did you add value to the deal?

I personally like Alabama and Tennessee a lot, depending on what specific area you're looking at.Look for Class B or C properties in stable rental markets, particularly single-family homes or duplexes.

Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

I personally haven't done this but I have helped clients do it in the past.Hit me up if you're interested!

@Randy Person Do you have any recommendations for Property managers in Greene County?

This person did not raise any money, they invested around $600,000 into the offering and because they were one of the larger investors were considered a Co-GP because it was a new sponsor and they needed this persons $.

If the person stops making payments, they alas,  have to foreclose.