Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.

Mostly people with minimal RE experience are adding a single ADU and they often make that choice based on cash flow without taking into account the negative equity position.  

Median household income can be an indication of the area.It's not feasible to manage D-class remotely or with 3rd party management and make a profit.

Both are digital-first banks with minimal fees, and Mercury in particular offers free domestic and international wire transfers for most account holders.

Signing an exclusive agreement with a real estate salesperson indicates to them that you are committed to finding a property. 

The loan is 12 months, pulls twice a month, the interest is minimal because I'm paying it off so fast. 

Think of it this way, at some point, a minimal amount of wear & tear to the unit requires paint to be touched-up.

Repairing to sell might recoup some costs, but given the market and your limited funds, selling “as-is” is likely the best option to minimize further losses.

To protect our rights, we would definitely deliver a formal 5 day notice (Wisconsin Legal Blank), but at the same time indicate that we are looking to collaborate to find a solution.

So while I have family nearby I want to minimize excess wear and tear because 1.