For those of us starting out, and looking at lower end real estate, saving for expenses will eat up a good portion of that monthly cash flow until we get a nest egg to hold, or until you (I'm in the same boat) get into more expensive/valuable properties.

This would allow you to exclude up to $500,000 in capital gains as a married couple filing jointly, or $250,000 if filing individually.Since your brother-in-law owns 10%, that portion of the sale might not qualify for the exclusion, and you'd need to discuss the tax impact with him.This post does not create a CPA-Client relationship.

And do you think a reason for that might be that the average duration of a 30Y mortgage has actually slowly increased upwards as some portion of the population hangs onto their 2% mortgages from COVID era rates?

BUT if only a portion of the parcel sold, or more than one parcel sold, you'll need to ask the assessor to tell you if a new property id will be assigned.

Believe it or not, there are many programs for which the tenants do not have a portion to pay. 

If you are looking for a place where your portion of the mortgage + property tax is close to what you are currently paying for rent, you can look into multiplex over at SF, Daly City, Redwood City, and San Bruno.Feel free to reach out if you need any help :)

Hi all, new here at the forum and thank you all for all the knowledge you guys share…its amazing.I am interested in this question as well as we just got back into this from like 10 years ago, few things have changed for us, and the main one is finding deals with whole sellers, sometimes the price looks good, but once we add numbers we are currently seeing that everyone else in the deal makes tons of more money than us….for instance, we have checked properties now, where we pay closing cost, interest on a portion of the borrowed money, commissions after selling the property, etc and we see 30-40k going out on all of this,  then we barely make a 20k profit or less on a property of 200k …many of the deal we found we barely get close to a 10-15% of the initial purchased price, which to me sounds like a lot of hassle and my wife says that i am getting old and too picky :)i keep saying that ideally we should shoot for 15-25% profit from the purchase price…if i get a property at 200k and the rehab is 50 and everyone else makes 30k then we should at least net out 30k as well.

Upon move out and receiving a portion of the security deposit, we were charged an over $400 cleaning fee in addition to some normal wear and tear items because they exceeded the apartments self calculated normal wear and tear allowance.

Still waiting on the Hotels response to canceling or releasing that portion of the Covenants.

I can quickly pull up every property I have a lead on and see all of the vital information.Everyone should call their local tax assessor's site and just ask if there is a subscription and how much it is.