Essentially it's totally dependent on the terms/risks that the buyer and seller are comfortable with and everyone understands the transaction. 

While they are two separate transactions, this would essentially leave you with $3k of net taxable income. 

Essentials include pack ’n plays, high chairs, safety gates, and easy-clean surfaces (no white sofas!).

Warmer' Winters: While we still experience snow, the winters here are generally milder compared to New York.Growing Market: Nashville is a booming city with an insane housing market, presenting countless opportunities for real estate investment & House Flips.We also seized the opportunity to buy a beautiful foreclosure home for $775k, which is essentially a mansion with incredible value/equity (Worth $1.3M).

Essentially, we would like her to be able to be hands off and I’ll take care of it all. 

Here are some key qualities to consider:Professionalism and Integrity: A reputable broker conducts transactions with high ethical standards, ensuring reliability and competence throughout the process.Effective Communication Skills: Clear and prompt communication is essential.

It's also essential to factor in your financing costs and ensure your cash flow projections align with holding costs.

If you wonder why the latter doesn't violate the same taxpayer rule, it's because a separate IRC section 1041 enacted over 40 years ago essentially says that spouses can transfer property between themselves without tax consequences, and to my knowledge the IRS has not come down on any 1031 exchange since then in which husband/wife sell relinquished property and acquire replacement property in only one of their names or vice versa. 

I can be patient, but I like to take action quickly.If I were to save for a decade (reserves + downpayment + closing costs), would I have been better off acquiring out of state properties or essentially being a bit of a slum lord to scale my portfolio faster to build equity?

Time is money, and SB-423 speeds up the permitting process, making it easier to get projects off the ground with reduced delays.Navigating Carlsbad’s ADU RegulationsUnderstanding Carlsbad’s ADU regulations and permitting procedures is essential for successful development.