Here's how a seeming tax disaster turned into a strategic triumph.Picture this: You're sitting with your CPA, reviewing the sale of your residential rental property.

Quote from @Devin James: We’ve slowly been improving our homes the more we’ve built and the more feedback we get from our Buyers2021 – Added 8ft doors throughout the home2022 – Added a new elevation with stone in the front of the home2023 – NO carpet in the bedrooms, LVP throughout the home2024 – Added hurricane impact windows & new color options2025 – Adding Ceiling FansGotta be open to feedback and adjust accordinglyThis can be the difference of your home sitting on the market for 4 months vs 1 month where's the modifications and pictures?

When I value things I look at them right now as they sit, not what they COULD be in the future.

No fees, no minimums, been very happy with them.Unfortunately the note I own is still paying out to my custodian (did checkbook after note purchase) so the money does sit idle.

It’s time for me to invest some of the money that I have sitting into real estate.

My credit was pulled twice (currently sitting at a 700+ according to Experian) but I don't know if this would affect my score or anything when it come to actually choosing a property and locking in a rate.

I have been sitting on a great rental for 2 years waiting to refinance.

If we price the home based on what they thought they could get for it, it will sit for weeks/months.

If you are from the island, you will be familiar with the heir laws and why most properties sit vacant....family disputes. 

I would recommend sitting down with an attorney so they can outline what the process will be like and their rent for closing the selling and what documents they'll need from you (if any because they can draft them).if you decide to sell to a residential buyer, make sure you're confirming that they are able to finance it or that they have cash to purchase it.