Let her sell it as she won’t have a taxable gain which you will have if she gives it to you and you sell.

However, the IRS may scrutinize exchanges if the holding period post-transfer is too short (typically 12-24 months recommended).If one partner wants to defer capital gains while the other prefers cash, the deferring partner could reinvest their share into a Qualified Opportunity Zone (QOZ) fund, which can defer and reduce taxable gains if held for at least 10 years.

When everyone gets out, usually looking for a another deal to offset the taxable gains.

The second seller gets payments on a new note worth $1.35 million.You the buyer received the taxable income event from the sale of the first property.

Deductions like mortgage interest, property taxes, insurance, repairs, and depreciation will help offset taxable rental income.This post does not create a CPA-Client relationship.

If your new LLC is a disregarded entity (single-member or owned solely by you and your spouse in a community property state), it won’t trigger a taxable event, and you’ll continue reporting income on your personal return.

Property management fees and software subscriptions are deductible, and depreciation reduces taxable rental income.This post does not create a CPA-Client relationship.

Normally this would be taxable. 

They showed the property's elevation relative to the base flood elevation (BFE) for its flood zone.With Risk Rating 2.0, FEMA now uses advanced technology and data models (like topography maps, elevation data, and geospatial technology) to automatically assess elevation for rate calculations.How Elevation Impacts Rates Now- Higher Elevation = Lower Risk: Properties located at a higher elevation are less likely to flood, which generally results in lower premiums.- Lower Elevation = Higher Risk: Properties at lower elevations or in flood-prone areas typically face higher premiums.- Natural vs.

.✅ Lower Vacancy Risk – Losing one tenant doesn’t mean losing all your cash flow.✅ More Affordable for Renters – Competitive pricing attracts a steady stream of demand.✅ Built-In Community = Lower Turnover – Tenants stay longer when they feel connected.✅ Allows You to House Hack a Single-Family Home – No need to compete for pricey duplexes and triplexes!