This allows you to use all of the tax and deferred depreciation recapture to purchase the larger MF propertyA consolidation exchange is where you sell multiple investment properties to purchase a larger and nicer investment property, but you also get the benefit of using all of the tax you would have had to pay to your advantage.

Is an IRA subject to capital gains tax?

I see 3x and 4x tax savings on fees for the next 2 years and beyond. 

Can the landlord also collect attorney fees from the defaulting tenant?

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

Have any idea about Gift tax in NY?

There is a monthly fee associated for this but if the tenant is serious you can offer it to them at cost.

There are some programs through local government systems where you may be able to receive a tax abatement or grant here in Michigan in an effort to help beautify a neighborhood.

., I left Anderson for a small firm that will do the actual taxes and then another company that specializes in tax strategy. 

Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?