Guess that yes, on all accounts above, I am better than average.I'd be pretty confident in saying that people on this site recognize that it is worth being above average and that taking the path of least resistance will give them less than average results.Good luck, man.

I don't think you would have a hard time finding someone who is proven to be successful and paying them a fee for a few months in order to pick their brain whenever you needed to.

But it seems like Sec8 has a "guilty until proven innocent" policy.

My guess is they'll recommend an "S" Corp in the state you'll be operating (even a Nevada Corporation will have to be registered in that state in order to be recognized).

They won't count my rental income until I have two tax years proven history.

When you put it back on the market, make it clear that work was done, as agents will be recognize the listing and will wonder why the price increased.Oh, and find a great listing agent to list it for you instead of doing it yourself.

Sounds like you may have created a taxable sale based the information you have provided.Like Ryan said 1031 exchanges must be handled properly otherwise they won't be recognized.

Finding and recognizing the deal is the problem.

The guys I work with don't make a gazillion bucks on all of them but they have proven to be at least worth the effort they put in it.

Losses are recognized in the year the loss is realized.