Here are some of the types of “wanna be” investors who never seem to be able to “pull the trigger:”The Organizer – This individual can’t seem to ever get fully organized - and until they do they can’t possibly make a purchase transaction.

To trigger this exception, you must meet three criteria:You must sell your entire interest in the underlying passive activityYou must trigger a tax event, meaning that you must sell your interest for value in a fully taxable transactionAnd you must sell your interest to an unrelated third party, no family or close affiliates.Source Link

I personally would rather have my house they can for several months instead of having it trash.On the flip side tenants that have been there extremely long he sends mother today's gifts along with vacations.

I live in BC and properties here are extremely pricey with good appreciation. 

something like this would probably run about 12%-13% with 3-4 points for an extremely experienced borrower .

Putting appreciated assets into an S corp can trigger gain. 

We’re both extremely open minded about our approach to this. 

I have read through the replies with extreme interest.The goal is to not run out of income before you run out of life.

That is extremely helpful and answers a lot of my questions.

I am extremely glad I chose to go with his program.