Your holding period is added together with your parents' holding period, so I'm sure you have already met the 1 year requirement.To take the deduction, it does require an appraisal and a tax form signed by the appraiser.I'm in Tuscaloosa, also.

period. 

The taxable gain will be paid at the end of the 30 year deferral period, while the 1031 Exchange allows you to continually defer the tax and then the investor generally receives a full step-up in cost basis upon their death so that the taxable gain completely disappears.  

Section 8 tenants will generally not tell you issues in the property and then tell everything to the inspector which gives you a short period of time to get a lot of work done or you will get abated and lose the rent for that portion.Section 8 tenants are MUCH harder to evict than normal tenants.Happy to talk more about this if you want. 

Long term rentals are a for sure thing however you get a bad tenant and you are stuck them for an extended period of time.

That being said, going forward I wouldn't wave the inspection period unless there were other offers or you knew for sure it was a killer deal. 

These lines of credit generally have 1-2 year renewal periods and require you to send the bank your tax returns and possibly personal financial statement on an annual basis.In my experience "HELOCs" are associated with your primary residence. 

That transition becomes messy and costly to many investors as they didn't take into account low appraisals, seasoning periods, LTV restrictions, etc...

Maybe you are able to flip the property within a three month period and your money partner makes 50,000 profit on a 100,000 total investment.

Tied to an SEC shelf registration where the issuing firm says they will issue debt over a period of time in the form of medium term notes.Depending on what role you want to play you may need to be licensed or otherwise regulated.MTNs are mostly for companies that want to borrow funds for projects, working capital, etc.