Did you receive security deposits with interest and pro rata rent for the month at settlement?

It’s a bit of a tangled web, but if you need more info on it, do your research first, and then you can contact me to help you sort out the current rules. 3) The tax benefits are severely hampered if you there is any money from your original property that doesn’t get spent on the replacement property, so it’s best to purchase a more expensive one to avoid losing those benefits.4) It is imperative that you do not receive any money directly from the sale of the original investment property.

He collected first/last/security payments prior to move in date and was never heard from again.

You'd need to show the income on your tax returns and/or have a lease and first month's rent/security deposit for the unit you were living in.

This means securing at least two bookings (to get a stay of less than 7 days) and completing all setup tasks.

To answer the title of your post, selling fsbo can be a good idea if:- you have experience selling RE- you price the home to sell- you have systems in place to collect inquiries and facilitate showings i.e. call center/email/google forms for screening inquiries, showing agent, lockbox, security alarm, etc. - you have dozens of local agents who can market the property for you and bring you a buyer- you are listing in a desirable area with low-inventory - you are not in a rush to sell

I negotiated the FSBO and was able to even secure a commission.

After a month of renovations, I listed it on the market on November 19th and secured a tenant with a lease starting on December 10th.

Quick context: I placed a tenant in one of my units after thorough background checks and collected security deposit + first month's prorated rent via Baselane (bad move!).

May be expensive but they are dedicated to private lender law, securities law and creditors' rights.