Note this election MUST be made in the year of the dispositions.2) 1031 - There's usually no tax on gains or losses when swapping property for similar property.

As a side note the "Median" rents for the whole country are on a HUD website and is updated every year to the new rent levels, so you can see how your rents compare to the HUD Median rents. 

Hi Joy - Service animals can’t legally be restricted due to landscaping concerns, but you can include a note in your listing to inform guests, such as:"The front yard has decorative shells, and the backyard is turf.

I just go in at the first of every month and code each line item to the corresponding property and note what the expense was for (Repair, HOA Fee, Mortgage payment, etc).

The property is paid off so you have options.Based on what you’ve shared, you carrying the note sounds like a viable option.Have you considered seller financing?

if I have no money into the deal and bringing in $200 free and clear every money hell even $100 with no other expenses these usually come through creative deals or owning notes but I would do it. 

Quote from @Chris Seveney: @Jay HinrichsGreat points - yes many are from here on BP such as a bearded guy, a guy who threatened to sue a LP and still doesn’t respond according to his investors, two other “note funds” one investing in skidrow homes and the other in broadway plays….

As a kid you didnt go anywhere near the area west of Broad, north of Snyder, east of 28th and south of Christian and i still believe this to be true, it’s still alot rougher than people want to admit.Side notes: -Gray’s Ferry isn’t anywhere near in the same category as Whitman or Pennsport.

It’s important to note that not all bank institutions offer this product.

Paying down the note quickly is a power move too—love that disciplined mindset!