As already mentioned, you could sell via seller financing to lower AGI, as all you would have to claim is the payment income - until balloon payment received.Did know an investor that had 14 properties paid off and he moved into one every two years to then sell with the $250k single exemption.

The property is a single family home that is on sale for $179,000. 

Are you looking for multifamily or single family home?

I bought a single family home for cash in November, did the renovations and now have tenants.

And my only asset is that I am under 30, single and can move to any place to make my dream come true.

Purchase price: $600,000 Cash invested: $30,000 Purchased single family home, finished basement making the property a duplex.

I'm now realizing that in the state of South Carolina, the tax rate jumps 2% for rental properties to help fund public schools, a $600/mo cost that I didn't account for when using the calculators in the earlier stages.

Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).

This is a question for your attorney and accountant on how you will manage the company etc.

I just had to take extra money out of my personal account and funnel into my rental account.