Los Angeles is a beautiful mess, but I think SW Florida offers better investment opportunities for me at this point: fewer restrictions and more landlord friendly, and newer product with less capex/repairs.

Also does anyone know of any pre-sales of upcoming hotel condo projects?

Hey Thomas - I'd highly recommend speaking with your CPA and an Investment Sales broker about your options when it comes buying an STNL deal to utilize depreciation.

Upon the sale of the condominium, the capital gains on Person C's sale would be calculated as follows:A. 33.33% of the sale price minus the original purchase price to account for the interest acquired via quit claim deed on July 7 2015.B. 16.66% of the sale price minus the stepped up fair market value on 11/17/2020 as capital gains for the 16.66% remainder interest acquired on 11/17/2020 from Person A.C. 50% of the sale price minus the stepped up fair market value on 01/17/2023 as capital gains for the 50% remainder interest acquired on 01/17/2023 from Person B.Total Capital gains would be the sum of items 3A, 3B and 3C above minus any allowed deductions, such as the home sale costs (closing, repairs and so on).As an individual owned rental property, upon sale the only way to avoid the capital gains would be to do a 1031 exchange and then hold the new property that is purchased for approximately 3 years before selling it. 

Would be happy to connect and see how we can assist you, we have some very competitive products on 5-10 units right now on cashout DSCR.

Most lenders specialize in one or two products.

Your gross income is the total amount of proceeds that you received from all the sales which is $500,000.You then have 'inventory' which is the cost of the purchase price of properties, rehab, materials, etc that went into the properties.You then have overhead costs such as driving to the properties, LLC Fees, etc which are expenses and then bring you do your net income.

The property was contracted for sale 8 months after purchase at $1.825M, reflecting around a 36% capital appreciation.

Purchase price: $1,345,000 Cash invested: $500,000 Sale price: $1,825,000 The sale now holds the Bridgeport, CT record for the highest price per unit in a sale at $228,125 per unit.

Here are the specifics on the unit:Large Hangar For Sale $197,500 Hangar Size: 4,125 SF (55' x 75'), Construction: Steel hangar fully insulated with efficient natural gas heat.Lot Size: 0.19 Acre (8,125 SF) of leased landZoning: AIRPORT-L, M1-L,OSPR-L, PF-L23 years remaining on land lease.Hangar has an office, shower, gas heatSingle lift hydraulic 53' x 18' door200 amp service