Also, I’m not into tax evasion necessarily but she’s owned the place forever and has minimal taxes.

I recommend starting small and looking for turnkey properties to minimize the stress of managing rehabs.

@Thomas F Blaskey If your gain after expenses is minimal (~$15K), selling outright is straightforward, with modest taxes on the gain (15%) and depreciation recapture (25%).

Hello everyone! I help manage MTR/LTR properties in Indianapolis. Recently, we had an issue where a mid-term tenant moved in and only raised concerns about the property several days after arrival. We always perform a ...

And rinse and repeat.I stop focusing on instant gratification and focus on delayed gratification.

It's because typically people say they want financial freedom but are looking for an easy button where they do minimal work and all this success happens in their life.

You file for eviction and they employ multiple delay tactics that extend your court case 3-6 months without batting an eye, all while not paying rent.

Just curious what is the long term plan as far as minimizing tax in later years as the account in pre-tax become huge?   

At the same time, I prefer to minimize liability, though I’m not a seasoned investor.Is this one of those calculated risks that investors eventually become comfortable with, or should I prioritize limiting liability from the outset?

Seems like a nice bed of cash coming in to use as a launch point - plus minimal cash out the door on initial purchase.