How long did you hold this property for?  

If you pay off a property or owe more than it’s worth, you can still owe or not owe capital gains tax.

Shared housing provides affordable, flexible rental options for young professionals, remote workers, and students.As shown above, co-living properties have more demand than traditional two-bedroom units and appeal to a wider tenant base.2.

You may be required to make estimated tax payments when the property sells.It depends on what your 2024 total taxes due were and 2025 estimated total taxes / withholding / estimated payments are.If you pay in atleast 90% of the current year tax or 100% / 110%(Depending on 2024 income), you are normally considered good.You may want to consult with an accountant for more clarification.

The lender just records the warranty deed and is the owner of the property.  

I’m planning to do this for 3 multifamily properties all located in MA, each ranging from 2 to 4 units.

Now if and when there is ever a problem at the property , they will give a friendly call 

Navigating eviction and collecting past due rent can certainly be challenging, especially while managing property from out of town.For managing the process remotely, I’d recommend joining the **Chicago Friendly Landlord group** on Facebook.

If you move title to the property into a trust for the seller's "Estate Planning purposes", you still need the mortgage company's approval. 

I also own over 15 properties in these two zip codes.