State taxes may also apply.To minimize taxes, aim to reinvest the full proceeds into the replacement property, including closing costs and fees.

(Minimal competition, high demand, and 20 year operating history with repeat & longterm clients) Agreed!

This is the equivalent of a car salesman pitching the "monthly payment" of a car instead of the actual price of the car.

You minimize your risk of violating Fair Housing Law or compliance issues using an experienced property manager.3.

Even minimally.

The real issue is that they didn’t have a plan to monitor usage or set up protections to minimize costs during the eviction process.Ideally, the PM could’ve done things like:Limit access to unnecessary areas to reduce power use.Install smart thermostats to keep heat at a safe minimum.Request a utility cap in court during eviction proceedings (if allowed in your area).Bottom line: It’s less about the utility switch itself and more about proactively managing costs once the tenant overstayed.bro what? 

If you’re serious about bidding, investing in a professional title search is worth it to minimize risk.

If you have insights on creative ways to acquire rental properties or storage facility businesses with minimal capital, I’d love to hear from you.

I agree with @Ashish Acharya if you're interested in reinvesting the proceeds into another investment property and your goal is to minimize your tax liability a 1031 would work out well for you.

I am not looking to pitch you but I can have connections for what you are looking for.