You would need to find a property manager to care for the investment until you return, which will eat into the profits.

Next in this environment you may be challenged to get $10k rent on $1.3m property.  

They are starting with properties built before the 1940's or 1930's.

I've used them in a $300k property and am currently putting them in my latest, $140k property.

@Brody Veilleux Loss harvesting in real estate allows you to offset capital gains by selling a property at a loss, which can also offset gains from stocks or other investments.

Gifting the property to your son transfers your basis ($265K) to him, allowing him to sell at his lower tax rate (0%-12%), but requires using part of your lifetime gift tax exclusion.

Young investor looking to scale quick and own a lot of properties in the Columbus, OH.

Hi BiggerPockets community,I’m an 18-year-old just starting my journey into real estate and wealth building, and I’ve been following the strategies laid out in books like The Book on Rental Property Investing.

Materially participates in properties they own3.

Purchase price: $33,435 Cash invested: $33,435 Acquired this property through delinquent property tax investment strategy for $11,265.