This year will be the most I have paid for my taxes to be prepared, and the only year where I will be filing with an extension (and added stress).To be fair and objective with my feedback, the upfront consultation process went well.

For example, you could create a weighted structure where a percentage of profits is based on cash contributions, and another portion compensates for rehab or management efforts.Rent Payments and Tax-Free Profits:If you structure it as an owner-occupied property, the rent you pay could be shared proportionally, but tax-free gains on resale may only apply to your share, as you’d be the owner-occupant.

We are in a very low tax bracket this year but should be 10% higher in 2025.

Last thing, I would strongly consider consulting with a knowledgeable property manager or attorney once you have a copy of the current lease and all of the facts.

Every state has a slightly different process, and time frame for each step, so you may want to consult a Realtor for your state process.

Your requirements to defer all tax are to purchase at least as much as your net sale. 

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

@Erik Estrada I'm an investor, a consultant, a broker, a lender.

This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.

After closing, when the property taxes were due I never received any bill.