.- You both report your share on your personal tax returns and pay taxes based on your own tax rates.3.

In addition, education can only teach you so much - what type of experience-based learning do you receive when joining these teams? 

Then, more advanced stuff that those without licenses will have a tough time with: active real estate agents working the area - so i can call them to preview my house - in case they run into potential buyers they know of in their office, Then, I have Listingbook software on my I-phone ( Works with MLS data- by subscription)- that actually knows the number of searches of homes in any given area - so I can blast a promotion of my house to all the agents that have clients looking in the area (not just my subdivision -unless that is what I want), and...for the investor in me: track all the mortgages recorded against the property, so I know how low of an offer I can make - based on the mortgages on the property.

Hello BiggerPockets Community,My name is [Your Name], and I’m based in Orlando, FL.

Just based on the info you provided I would take the loss and move on.

This allocation should be based on the fair market value of each component, typically determined through an appraisal or the values agreed upon in the purchase agreement.

D.C. has, and always will have, a giant vagrant tenancy base as well as assorted tourism. 

I would expect him to respond based on what you said.

I have about $300k in equity (based on a BPO performed in July 2023) but no cash.

I am not based in Detroit and can not physically go the office.