You will be taxed on gains he could have taken tax free.

If you're interested, feel free to DM and I can send you some recommended resources. 

But if you need further help, feel free to PM. 

And feel free to ask more questions as you go along.

This form reports the total amount paid to the contractor. 

The valuations on them appear to be completely arbitrary and in many instances the company seem randomly selectedWe had one recently from someone else who provided the opinion and the comps were 7 miles away and from another jurisdiction - whereas this property while in a more rural area had considerable sales that could have been used.If you use them to get an idea for property condition I find them to have some value but since they have no interior inspection reports, they are at best just a random guess of the value which could be off by 100%

Feel free to reach out I would love to connect. 

If you ever have any questions or need advice on managing properties, tenant relations, or anything else, feel free to reach out.

free application online i use www.rentapplication.net/

If you ever have any questions about STR management, feel free to reach out!