Impacted Areas. 

Tax impacts include deferred gains, adjusted cost basis affecting future depreciation, and strict adherence to IRS timelines.

Consider adding this cost into your annual expenses, as it directly impacts your ROI.Incorporate Your 401k Loan Payments:Treat the 401k repayment like any other loan.

The refi or additional debt of any kind will impact the current performance of your property I'm never a great fan of selling a good producing property - unless I am certain I can improve the overall performance of my portfolio. 

Did you notice which of your updates made the biggest impact on your final sale price?

The shorter the prepayment penalty period, the more it has an impact on the rate.

I fired my pm who got me by purchasing the pm i had hired and lost my 1000s of reviews during covid lock downs (so 2020 and 2021 were covid impacted).  2022 had a down time that affected the year.  2023 and 2024 the entire off season was worse than before covid.  

Thank you for sharing.Ironically, we have had the opposite impact from the poor management of IHA.

That said, not all markets are the same—some are seeing rents slow, which could impact prices more.

First - you have to mention what the syndication will do as that will have an impact on how you get taxed.Given that this is a real estate forum, it is assumed that you are investing in a syndication that will invest in real estate.Most real estate syndications purchase real estate in year 1 and have a plan of selling / exiting in year 5 or 7.Often times, the sponsor will get a cost segregation study which increases the loss on the K-1 presented to the investor in year 1.This may be important as it almost guarantees that there will be no taxable income from the syndication from year 1 to the year before exit.If the syndication does well and exits at a price more than purchase, it may result in a taxable income.