While I’ve been handling smaller real estate transactions for about a year and a half, I knew I needed guidance to break into this space.

The IRS views this as a related-party transaction, and deductions like rent paid to yourself wouldn’t qualify.

I think you will definitely want to talk to your lawyer because there may be items linked to this transaction you are not considering. 

While I did not work with other agents or lenders for this particular deal, my professional experience ensured a smooth transaction and effective project management.

I can also document that I have over 1,000 plus real estate transactions as an agent and an investor.I had two transactions that they just kept lying and telling me and selling me you will have CTC in a week or less, From each of those points it was more than 60 days.I begged loan officer and processor to be truthful.Their failure to close in a timely manner cost me dearly.

And if it were set up where everything went through a title company so the buyer pays the title company, they manage the buyer's loan (from me), and the title company ensures my mortgage is paid without my direct involvement... what parts of the transaction would feel risky or not worth the headache to you? 

And nobody is telling a lie in the transaction. 

While I did not work with other agents or lenders for this particular deal, my professional experience ensured a smooth transaction and effective project management.

@Kris L.I would connect with @Josh Green, I would not be surprised if he dealt with a transaction in your neighborhood and he is a local expert on all fronts.

On the other hand, pros include increased cash flow, engineer-based data for the clients CPA, audit protection (with the right firm) and the ability to deflect that recapture fee with a 1031 transaction.