@Carl Fischer@Dmitriy Fomichenko

Because you have no tax basis in the unrealized gain (i.e. the appreciation), it should not be on the tax basis balance sheet.If you want the balance sheet to reflect FMV and be close to GAAP, as @Carl Fischer is getting at:Debit Building adjustment account      50,000    (asset)Credit Unrealized gain/loss                    50,000    (revenue)

Originally posted by @Carl Fischer:@Steve H.You should look into some local real estate investors groups/meetups.

As @Carl Fischer pointed out, if held outside of a retirement account will be subject to capital gains tax and rates depend on the holding period.

Both the larger ones you mentioned and several here on BP including @Carl Fischer, @Brian Eastman & @Dmitriy Fomichenko.

Quote from @Trey Fischer: If I can buy a property with a Heloc, would I be able to refinance it into a traditional one? 

Thanks for your replies @Michael Noto @Michele Fischer and @Joe Gore Michael, yes the domestic issues were with each other.Michele, placing my screening criteria on my listing is a great idea. 

Hi Michele @Michele Fischer,Yes, I know Longview & Kelso well.

Thanks for the reply @Carl Fischer.

@Carl Fischer, thank you.