However, if you originally intended to hold the property for investment and later decided to sell, the gain may qualify as capital gains.

We had been planning to acquire a second home for sometime and finally decided to pull the trigger.

I am not able to decide selling is good idea to avoid big ticket repairs which puts burden and not sure when I get what repairs  on this 1961 crawlspace septic tank duplex with rain water drainage issues etc.

Under careful consideration, The Board of Directors has decided to freeze all distributions and withdrawals for an additional 90 days.

They have a CPA license, 20+ years of experience and their name on the door but they stopped being an expert when they decided what they knew was enough and they were done learning or staying up to date on tax law. 

The real art of underwriting is understanding that all the inputs are merely probabilities and deciding whether or not you can sufficiently offset the risks.

@Ken AlmiraThe market you pick will really depend on your long term goals and the strategy you decide to implement.

Happy to share insights or help however I can, no matter where you decide to invest, or tell you more about Chatt!

Your insurance carrier will decide who is liable, and if it is the other insurance carrier then they will file a Coordination of Benefits with the other carrier.

If I decide to do the repairs and continue renting it, I will cash flow positive a bit, but to get to that point I would have to spend thousands (replace entire electric system, roof replacement, etc).