@Kiran AsknaniAirDNA is within shouting distance of my clients' STR actual revenues here in Colorado.

I want to keep away from any short cuts , I am not looking to take large cuts from sellers (I’m a true agent at heart and looking to serve my clients) .

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.

Say, I have a potential client that has asked me to value a 7 unit apartment building.

As a Mexican realtor, I’ve worked with clients alongside an accountant to simplify the process, including setting up the necessary bank account for rental income.Let me know if you'd like more guidance! 

Yep I know it- I've had multiple tax clients over the years face a mean surprise with that. 

If the difference is too much then they will purchase multiple properties using all of the proceeds.

I'm having a very hard time with them and on the verge of losing my earnest money on a house purchased to flip.

I closed 6 land deals  for my clients already in December alone..

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.