The sum total of taxes of each of the 4 units will usually be higher than if it were apartments.

Plus with no state income tax, cheap insurance, and very low property taxes, I’m probably starting $20k ahead of most people, and that’s a tax free $20k.).

We now live in Arizona and I frequently fly back to the southeast to repair or inspect the properties and already deduct the travel, lodging, and half of the meal expenses from my taxes. 

Considering buying the corp so avoid land transfer tax - that might help with the numbers.

Then, with what they don't cash out, they can put into a centralized lending platform, and earn up to 8%.

Taking a break from working on our 2024 bookkeeping and taxes. 

The single biggest advantage of selling your homestead is that you can take all the Cap gain tax free if you have lived in the home as your homestead for 2 of the last 5 years. 

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

@Jeanette LandI always recommend using a tax professional.

The seller may not want to do this, as many of these guys are benefiting from the tax deferral which comes with NOT moving title over.