Yes when I looked at my pretax overall profit in the flip it was really close to my pretax salary for the same amount of time.

I know that it eats into profits but it is something to consider for at least your first rental.

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.

Hey Steven - An LLC is a solid choice for structuring your partnership since it offers liability protection and keeps things clean when splitting ownership and profits.

And following this convoluted rabbit hole calculate what kind of property you would need to exceed the profit level you have right now. 

STR's can be very profitable in certain areas of the state, and rental demand is growing rapidly.

I plan to use the 10k Club to make money by being a bird dog for times when I don’t want to go deep into the process to make a profit.

They also help us with seeting up our Non Profit 501(c)3.   

The general rule is: to anybody who was paid by you for services (work) or who received a profit distribution from you – if he received from you a total of at least $600 total during 2023.

Let’s say you have 12 lots and if everything went perfect in the exchange you would recognize your $30,000 profit per lot across the board.