It has been a very bad and costly experience. 

If you have experience in the area you should know, well you better know the ARV.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

With 34 years of real estate investing experience, I’ve been involved in everything from owning rental properties to flipping.

Borrower experience: Will you lend to newbies?

Would love to connect with anyone that has a lot of experience with how to navigate these foundation issues and how you succesfully invest in DFW real estate depsite this issue Some people are not phased by the foundation issues, others are. 

College does sound like a useful and fun experience that I would like to partake in. 

A Title Company can distribute the proceeds based on the agreement, and consulting a CPA will help calculate tax liabilities and explore strategies like a 1031 exchange to minimize taxes.

Depreciation recapture applies at ordinary income rates capped at 25%, increasing your tax liability.

Additionally, timing the sale in a lower-income year or exploring potential deductions could further reduce your tax liability.