Hello all. 
We will be almost doubling our portfolio next month (81 doors total). We will be paying nearly $50,000/year in property insurance. Insurance doesn't cover anything anymore and we can almost just pay for a...

There is a lot of information on BP regarding being a private lender and outside groups taht have a lot of support in this space.

For me, it wasn't a book that got me into this but it was a conversation I had with a client while I was a financial advisor working for Merrill Lynch.

My starting questions so far are* If zoning allows multi-family, would I need any zoning approvals for a conversion?

This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.

I think new builds don't really work from an ROI standpoint, but if you can find properties that have easy ADU conversions then the value might be there.I'm in MA and we just made ADUs legal by right, so I'm looking into the best ways to add value using them.

I’ve noticed that there hasn’t been much recent discussion or activity specific to the Gainesville, FL market, so I wanted to start a conversation!

Do not have this conversation at 8:00 PM on a weeknight after a long day.

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

I’m new to BP and looking forward to connecting and contributing to the conversation.