If the trust gifts you the property, it retains the original cost basis, potentially leading to high capital gains taxes upon sale.

Other options include the BRRRR strategy, which allows you to recycle your capital by refinancing after renovations, or partnering with an experienced investor to scale faster.

You may want to make an introduction between your CPA to those 2 colleagues.The CPA can go over their services and pricing to your colleagues.I partner with many people on real estate deals - It never gets to a discussion on whether they do their own tax return or hire a professional.If a partner mentions he will provide capital - does he provide the capital on a timely manner.If a partner mentions he will find deals - does he find many deals and provide an analysisIf a partner mentions he will manage a property - does he manage the property well(find tenants, collect rent, communicate with contractors, etc)

Holding for a year or two until it’s a seller’s market to offload it feels smart—distance is a real factor, and unloading it could free up capital for something closer to home, like fix-and-flips or fix-and-rents near your student properties.On the lower unit reno question: if it’s livable and functional (roots aside), I’d lean toward skipping a full renovation for now.

However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.

There is also a huge amount of strategic and legal expertise across many states in getting non-performing notes to “re-perform” and be sold, perhaps to someone like you.Performing loans don’t require anywhere near the same amount of work or expertise but typically involve a lot more capital per loan.

Vegas is the conference capital of the world and I'd say Caesars Palace is pretty iconic!

If selling properties, a 1031 exchange defers capital gains taxes by reinvesting proceeds into another investment property, while Opportunity Zone investments can defer or eliminate capital gains tax over time.Long-term rentals should be held in an LLC for liability protection and tax efficiency.

Concern: NYC’s strict landlord laws, high purchase price would tie up capital & be in less desirable area, would likely not cash flow (not good when I leave)2️⃣ House Hack in LA – Move back, get a small multi-unit, and offset my mortgage with rental income.

I know we have been positioned as the transgender capital of the US in large part because NYC is too expensive.