Another wildcard is that the tax office opened in The UAE a year ago.

.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

My CPA isn't well versed in 1031 exchanges and I want to know the effect of transferring title back to our names from a tax perspective. 

The biggest differences between residential and commercial:  Scalability, financing are very different, property taxes may be different, Insurance is definitely different. 

I have over a hundred rental units I own and operate in Utah everything from homes and condos to larger multifamily.Salt Lake County has higher property taxes and is basically built out already and Ogden even though you can find good opportunities in the long run it won't be able to compete with South Utah County or Eagle Mountain. 

Taxes were $1363 a year.

At least, if you don't want issues down the road tax wise and if the government finds out it could cause some serious legal issues.

So if you have the property for a total of 10 years, moved in at year 8, little value or tax advantage.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Property taxes creep up, exterior repairs , and a brand new HVAC last year wiped out $11k of reserves.