I highly recommend working with him, but only if you're willing to put in the effort to build a business and though leadership brand!

If you're flipping in a high-end neighborhood, your rehab needs to match that level—think quartz countertops and high-end finishes.

It also prohibits adverse actions against employees based solely on the receipt of a notification regarding work authorization discrepancies. icpas.orgLLCs operating in Illinois should review and, if necessary, update their policies and procedures to ensure compliance with these new regulations.The above is an excerpt for the Illinois REIA newsletter of 22 Feb 25

Still boils down to will the developers go for it and will the market receive them well.Portland came up with some really high density rules to allow these little tiny home villages and the planners and city was so proud and a few developers tried them but the market ( buyers) dont like them and the projects have failed so no one is building them anymore.. 

Are there other ways to avoid the high tax on these gains? 

Highly suggest checking out the local meetup groups: https://www.biggerpockets.com/forums/521-real-estate-events-...Our monthly meetup is tomorrow, so that might be a great place to start! 

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market. 

Now there are tertiary markets in the US that will be low value assets but not super high risk those are your smaller towns but your upside is severely limited.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.