Kitts & Nevis LLC, held in a Cook Islands foundation, owning a Nevada LLC, all owned by a Panamanian Trust.

Maybe because it is land locked, no one else bid on it??? 

A little fuzzy on that point.I’ve never seen 1245 recap on real estate before, ordinarily (no pun intended) this would be 1250 unrecap and *only on the historical depreciation taken*.If he bought it for $300K, took $200K depreciation down to the bone and the rest is land, that $900K gain would be $200K unrecap 1250 and the other $700K would be … 1231!

We have an STR beach home in South Padre Island. 

We own three 2 BR/2 BA condos in a beachfront building on Okaloosa Island (Fort Walton Beach, next door do Destin).

Apply your cap rate and you'll generally know where pricing is landing.

As the representative for the tenant, I oversaw a remarkable six-month renovation project on a 15,000SF project that revitalized the property from an uninhabitable church to a stunning showcase car dealership.

A property is considered Uninhabitable if "A condition that materially interferes with the tenant's life, health, or safety." 

I can be sent to any of 8 cities in Madison Wisconsin, Rock Island Illinois, Waterloo, Des Moines, Dubuque, Cedar Rapids, Fort dodge, Sioux City Iowa. 

Can anyone recommend a solid attorney in New York (long Island) to review docs specifically leases??