This method allows each partner to defer capital gains tax on their portion of the property.It's important to perform the "drop" (distribution of property to partners) well in advance of the "swap" (sale or exchange) to comply with the "held for investment" rule.

Major difference between working with market renters and tenant assistant programs as well.

Austin's real estate market is challenging but rewarding, and you're well on your way to success.

Prices are higher, but rents are very high as well.

Would like to be more hands off as well.

We want to get a few rentals up and running and then (if all works well) begin bringing other friends/investors in to invest with us.

I see value in working with people who want Midwest entry level homes and as well as the higher end New Construction stuff in growth markets.

And, yes, I have been blessed to have done very well. 

So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.

For me, the permitting process with Delta went well.