The Lawyers!

This includes rental income, which is typically taxed at a flat rate of 30% unless you elect to treat the income as "effectively connected" to a U.S. trade or business, which allows for graduated tax rates and deductions. 

I went ahead and just recommended that they get lawyers involved and go from there.

The new rules are in effect since August 17th.

After swallowing some lumps thanks to one thread I posted back in April, I should (crossed fingers, no blown furnaces or sheard off roofs) be in a good position next year to reinvest.This is hopefully not a beat the dead horse, "where is the best cash flow in X" post, more of a strategy question for anyone who knows the market in CT.Here is what my limited knowledge/intuition tells me: Waterbury, Bridgeport, parts of Hartford cash flow best because of the inherent risk, lower fairfield county cash flows worst (today) because of NYC effect on price/rent, and there is an in-between SOMEWHERE.I think that somewhere is in the central part of the state between route 8 and 91 north of new haven, east of waterbury.

Now, property values have dropped—almost to the point where the capital gain tax I avoided through the exchange is offset by the decreased value.Has anyone found an effective 1031 exchange strategy that allows you to take advantage of the tax benefits while still buying the replacement property at a good price?"

There's a domino effect that will impact costs in MANY other areas that you don't see right now, but they'll be there.

I moved here from Florida as well.I love house hacking here in Columbus because you can get into the higher priced areas that will appreciate the fastest and leverage your money very effectively.

These current proposed changes are just effecting Denver for now but are meant to realign with the changes the state made recently, and future changes in other districts in the metro area can often be modeled after changes in Denver properIf you want to make a comment or pose a question it only takes five seconds here

I like our VAs, really depends on how much you can handle effectively..