It sounds like the oversupply is really affecting the market there, and with rents dropping by 8%, it might be tricky for investors to secure solid returns in the short term.

Hi McKenzie,It sounds like your first renovation project was a great success!

Quote from @Darrin Carey: @Jay Hinrichs They called the office, then did a transactional funding app, which is pretty briefthe deal saw I think i mentioned above was from a Bp member that they were trying to get to invest in a deal in FLA.. that sounded really fishy.. so I dug into it a bit and when they are the buyers and want an investor to put in the cash  100k plus and then send it to the title company they somehow own.

It sounds like a solid property with great potential, especially given the Miami market.

It sounds like you're on the right track with Freeport!

I often see investors obsess over tax advantages and tax strategies and lose sight of why they are making the underlying investment or whether the operational decisions are sound.

It sounds like you are on your way towards that which is great.

That would certainly allow you to sell and do a 1031 exchange with just your interests.In your situation however, it sounds like you have each taken title to one of the properties. 

That sounds like a good plan.

Hey John, Sounds like you need to talk with this person and question them on the benefits of real estate and what you can write off for your situation.