@Apryl Skahill To get your risk-averse spouse on board with real estate investing, start by educating him with beginner-friendly resources that highlight the long-term stability, cash flow potential, and tax benefits of real estate, such as depreciation deductions and offsetting W-2 income.

You are walking into a potential situation that can break your heart, break your bank account, or break your will to ever try this again...Maybe if your lucky, all 3https://phillysheriff.com/property-listing/ Thank you for the information!

Since the real estate is part of the transaction you can't do the 1031 exchange.You could consider an installment sale, to potentially spread the tax liability over several years.

If you have any leads or information, I would love to connect and discuss potential opportunities.

What can I expect for timeline, potential issues, rough costs? 

Hi Mia, Great suggestions for questions to ask a potential tax professional!

Still tons of deals that hit the 1% rule and positive cash flow here and you get amazing appreciation potential.

It’s surprising that fake reviews are allowed to remain unchecked on this platform.Question, If this post was a mistake, why is it left up to create confusion for potential investors?

Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.

I had been discussing this property with the owner for a while and saw its potential—distressed but with strong fundamentals and built-in equity.The deal was a great opportunity to apply creative financing, secure a property with minimal upfront capital, and build long-term cash flow.