Your ability to turn around a property with an 11% cap rate is a pretty strong selling point.

But people still flock to Disney, Universal is opening a new theme park in May and the area will always have new events and attractions to draw guests. 

We ended up not moving there and decided to sell it.

==========================My relative is asking if this is a viable way to legally avoid having to pay taxes:STEP 1: SELL PRIMARY RESIDENCE (House A)-Sell primary residence to son-in-law for cost basis + $500K-File gift tax form for difference between sale price & market value-Not pay capital gains on $500K due to personal exemption.STEP 2: SELL RENTAL PROPERTIES-Do 1031 exchange and buy House A back from son-in-law-Rent out House A for 1 year before move back in==========================Thoughts?

@Eric Smith, It really doesn't matter who you are selling your property to - unrelated or related party. 

I think there is a good mix of people there. 

That's definitely a good exercise and one we've been doing more and more lately (and thereby selling and selling more these days). 

@John Clark haha in Albany Park there are now million+ new builds and 2 units in average condition sell 5-600s.

The lender does charge the flipper 4 points upfront, and the note represents 55% of the property’s ARV, so I’m not too worried about needing to foreclose if it comes to that.The lender uses his own capital for initial funding and then sells off the notes after that.

If you want to grow a portfolio, the math is clear, you must sell to Pyramid UP. $250mnth is not good performance.