Thanks - totally understand the tax consequences but not planning to take a vacation with it.

that is totally unrealistic return.. your going to blow your 15k and be very dissappointed why would they give you 50k profit deals just to sell you a 15k course.. ??? 

The insight about ARV being influenced by nearby single-family properties is gold—makes total sense now.Right now, I’m just exploring Sacramento and trying to learn as much as I can.

I’ve had a handful of STR property owners that are looking to sell. 13 units in total.

If your total gain stays within the Section 121 exclusion, you may owe no federal or state tax.

It's simple enough to make a row for income, and another for expenses, and then subdivide those expenses, and add them up in the total expenses cell and then subtract the gross income from those total expenses to get my net.

Your 1,000 shares would carry a value of $13,670.00 as of January 1, 2021.Our price per share is calculated as follows:Total value of all assets (LESS) Total Liabilities (EQUALS) Net Asset Value (also referred to as Net Equity).Net Asset Value (DIVIDED BY) Total Number of Outstanding Shares (EQUALS) Net Asset Value Per Share (aka Net Equity Per Share or Book Value per Share).Our Net Asset Value per share becomes our new stock price per share.

Based on comps in that area we are thinking we can get around 100 apartment units total.  

I totally agree with Kyle on every point he makes.

The Commercial Loan Officer I am working with comes up with a Loan Amount of $336,000 (Total value is $448,000) because of the low rents.