If you need financial help, ask under the "Finance, Tax, and Legal" forum.

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

Spend a year learning and going to meetups before you fork over a $50-$100k franchise fee and half of your profits and don't even know what you are doing.

This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

And you would get to indefinitely defer all tax on the gain from the sale.

Our main focus is finding properties with the highest return on investment, particularly through rental income.Additionally, we’d love to connect with local real estate agents or property management companies who can help us learn more about the area and potentially collaborate with us.Thank you so much for your time and insights!

The process will be slow, but with patience and smart planning, you can move forward step by step.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

Then you can self-manage and learn all about tenants, contractors, etc.