Instead, you might want to think about investing those proceeds into another passive activity that generates future deductible losses.A good friend of mine in Phoenix faced almost the exact same issue last year.

That low interest rate is gold, and as rents in Stockton are still climbing, you could achieve positive cash flow relatively easily.

Let me break it down a bit from personal experience.A buddy of mine out in Scottsdale tried Zillow’s premium listing for his condo a few months back.

Two of them are city/county attorneys at that, including one from each category just described.So, yes you should probably have a lawyer whenever you have a partnership LLC (and probably with RE) but good luck finding one that's worth a damn.So I just do mine myself, having learned a few things about OEs over the decades, but I am not in RE and I am always a sole proprietor.Also, this lawyer should (in my opinion) by your lawyer, not the LLC lawyer, because you want your interests protected in the partnership.

A few months back, a longtime client of mine was enticed by a similar annuity offer promising to cover conversion taxes with a cash bonus.

A colleague of mine in Scottsdale recently used it to turn a fixer-upper into a profitable rental within months.

Have been to Houston in 2013 and from my memory it gave me a similar profiling to Perth, WA very resource centric (mining, oil&gas) next to energy rich region and liked that the city was big yet not maddening as the NY/LA's of the world.

When I hung up my own jersey (though mine was more weekend warrior than college athlete), I found that real estate gave me that same drive and excitement.Lincoln's a fantastic market with plenty of opportunities if you know where to look.

Many house hackers use this “ladder” approach, building equity and income with each property.A friend of mine started house hacking with a triplex in Phoenix around a decade ago.

Mine are in bad areas, but I’m still getting $800/month per room on average.