Keep detailed records of income, expenses, and improvements, and choose the right filing approach based on your comfort level with these rules.This post does not create a CPA-Client relationship.

C+ we will do but we know it's a net 0 so it's on value of relationship because odd's are we will loose $ on 3/4 of those.

Our relationship has terminated.

Both partners should consult a CPA to evaluate potential savings and optimize their tax strategy.This post does not create a CPA-Client relationship.

While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.

Work with a knowledgeable SDIRA custodian to ensure compliance with regulation.This post does not create a CPA-Client relationship.

To all the other agents on this thread; what do sellers value most;- Relationship- 'Top' agent status- 'Touches'Oren

If your AGI exceeds $150K, passive loss limitations apply unless you qualify for Real Estate Professional Status (REPS).This post does not create a CPA-Client relationship.

I would also recommend paying attention to the landlord restrictions, rent control and overall laws as it relates to owner/tenant relationships.

It's a relationship game more than anything, so if you're building strong relationships with them and providing a consistent product, you'll be golden.