Even then, if you've built up enough carry-forward losses, a nice capital gain may not trigger any taxes to be paid. 

Imagine the 2nd property is a 4plex, each unit can be rented $1500/unit of 75% =$1125 x 4 units =$4500 worth of income to offset your that 2nd property.

Welcome to the community and be ready for a huge amount of information at your finger tips.

During our conversation, I asked if they might be interested in selling the park.

When you are purchasing a multifamily property, the seller will be advertising the property performs at a certain cap rate.

The lender is a great guy as well and just wants a solid overview of the deal.Yeah, I think you posted about this deal before.

Your PM should be managing.

Would you be able to give for information.Some question I might ask: Can you get access to the land or is it surrounded by other people property?

So if you can collect rents into your business either by deeding the properties to your LLC (be careful of the due on sale clause on your mortgages) or by signing a master lease between you and your LLC and having the LLC sublet then that may help.

This is a great place to learn and to connect with people so take advantage of all the great resources.