Ideally something where I can get forced appreciation + roommates - https://www.realtor.com/realestateandhomes-detail/1624-Porte...

Hello Jon,Just something to consider I don't know the details but beaverdam lake gets drained periodically and its just a mudpitt. 

Quote from @Dan Hertler: I currently manage some of my out of state rentals, but would like to create my own property management business locally in New York (Long Island). 

I created an LLC in 2023 with the expectations that I would purchase investment properties under it.

AB 1033 allows ADUs to be sold as condominiums under specific conditions, creating new pathways for homeownership.

Check out FilePlace, where user-created forms are available for free.

While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.

@Sejin KimThere are many intricate details in a deal, particularly with multifamily in a tenant-friendly state like CA. 

If you can DM me, I can get details from you and help you get this funded. 

I will post back tommorrow after I get details of offer.