While the capital gains taxes would be the same, the property taxes that you have to pay every year are much lower in Mexico and are actually close to 0.Again, consult with your tax advisor if you want certainty and wants to know how this all applies to your specific situation.

Lately, I feel like I've been moving more and more inventory in West Philly so I consulted the magical google machine.

Always consult with your attorney before you rely on the above information.

Like other entities, you need to consult with a CPA or an attorney.The main purpose of a revocable living trust is to avoid probate.

Also, with your mom transferring assets to you and your brother while alive, make your you consult an accountant regarding taxes on the transferred assets.P.S.

Or, perhaps you could start a consulting company with whatever skills you have expertise in.

you might be able to get some info at city hall or talking to other investors who have done it. one thing I might consider is getting in touch with investors who are currently renting out lofts and see if you can arrange some kind of meeting/lunch with them, if you make it worth their while, or are willing to help them or work with them or something, maybe even pay a fee for their advice/consulting, it might be worth a try. or if you can find someone who knows someone who will help you out, or just be able to show up somewhere and ask random questions if the opportunity arises. e.g. you could show up at open houses of lofts for rent if the owners show up there. check Now magazine listings etc. let me know if/when you have success with this, it sounds interesting.

When there is at least a basic understanding he should consult with a real estate savvy CPA to map out a tax strategy.

I sure hope that no investor or agent would believe what they are told without performing due diligence, consulting with an attorney, etc etc before heading into a new business venture.

Trust me when I say, talk to a lawyer or legal consultant, it's the only way you'll know for sure...for yourself.