Do you have a current need for that cash flow generated from the tax savings?

Closing costs - you will have to pay taxes/stamps etc. typically as a seller.4.

IRS 590 also explains this.5) When you receive a distribution or otherwise get paid back, never take personal control of the money.

.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I'm looking more for an overarching portfolio spreadsheet to track asset performance over the lifetime of holding the asset.If you have the property manager paying the mortgages, taxes, insurances, doing all the accounting, etc why not just ask them to generate whatever report you want?

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

The challenge for a PMC is having the time to answer all your HUNDREDS of questions and handholding you as you learn, while still making money.

Especially if your son could then try to sell his primwry with the ADU under the sec 121 tax exemption I wonder if he could sell you the land?

At least, if you don't want issues down the road tax wise and if the government finds out it could cause some serious legal issues.