Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?

It must have a door sealing the area off and a sign marking it as private.By making it licenced the new area can be included by the bank in its estimate of valuation.

No one should have to be ripped off like that.

Every top company in the world that I am aware of does NOT put all their eggs in one basket.  

I have a second condo property where the water quality became unacceptable (PFAS) so I put a filter on the sink and make people aware the fridge water no longer works.

The US Tax systems, when compared to the EU, seems to be setup for capitalists. 1031 exchanges, write-offs, etc.

For someone new to real estate investing that wants to do long term rentals, do you recommend starting off in an area close to them/an area they're familiar with or someplace that will give them the best return even if it's out of state. 2.

I will PM you a couple of funds operators that I am aware of who have a good record and have held up to the scrutiny of many investors more experienced than I.There is a good thread on BP that has some tips about checking out a syndicated deal/sponsor.  

The goal is to complete renovation within 6 months in between guests and then refinance in the next 1-2yrs to pay off the seller in full!

Be aware if the town is standalone, or it mighthave a large population outside since it is a suburban community to alarger town nearby.