.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!

You can make an election (be sure to speak with your CPA about this) to treat all of your rental activities as a single activity.

I do not see it in the smaller mom and pop portfolios.maybe i am not conveying my message properly, but what i am trying to implying is that , pop and mom investors are doing good these days ... while bigger institution is losing investor money left and right, almost everyone is bad money manager these days... that's what I meant for not become passive investor as promised by bigger institution, it is the other way around. 

@John UnderwoodEDIT: I meant mainly the consumables and pest control.

Now that Trump won the election, I wanted to get a discussion going about what potential impact this could have on towns along the Rio Grande Valley like McAllen, and Brownsville, Texas.The population growth in these towns has been great over the years making it a worthwhile investment.

Nothing more needs to be done.Some MLS systems require the signed withdrawal or you can get fined as an agent.The MLS where he is talking about has zero power over this.He is using a form of the association of which Im the President-Elect.

Then live there before you start buying property.I meant to post this to @Mike Tikh, but seems I mis-posted - sorry EvanFYI Just a note about Reno- High altitude desert (4524'), https://www.bestplaces.net/climate/city/nevada/reno about an hour from Lake Tahoe & skiing https://logskirack.com/best-reno-nevada-ski-resorts/. 

If you choose to reinvestment those funds into another investment property, you may be able to defer the gain using a sec. 1033 election. 

Assuming that you're buying a turnkey property, the delayed purchase is meant to be for borrowers who have very short timelines to be able to close, have the money to purchase up front, but still want to leverage their cash.

You clearly missed your calling, you were meant to be James Bond.