.* I think a 1031 exchange causes the "suspended passive losses" to roll forward into the new property, so the depreciation recapture does not occur, but am not certain.In the end we personally still ended up wanting to mortgage our new purchases, under the idea that we could obtain several properties with the same amount of cash, and would have capital gains on several properties as well.

There is usually enough seems to let any accumulated water drain down if some flooding occurs.

I only ask because I'm switching brokers soon(within the same company that is larger but nowhere near the top 5) and the thought hadn't even occured that the company might have an issue.

Installment Sale Treatment Under Section 453 So, assuming that the Land Contract or Contract for Deed does in fact transfer all of the rights and benefits of ownership to the buyer upfront at the time of execution of the Land Contract, like most of them do, the transfer or conveyance of the real property is considered to have occurred upfront for tax purposes.

It would occur to me that with more risk and less collateral (again depreciating versus appreciating) mobile homes should be purchased for much more of a discount than real estate, i.e. 30% to 50% or 60% of value.So for that interjection, please forgive me if I interpreted your "15% discount" to mean something other than buying for 85% of value.

If the association is responsible for all exterior work(siding, paint doors & windows) aren't all of those items what would have been affected by that accident?

I wasn't hurt I either accident.

After initial down payment, 1 refinance, and some upgrades to the place I'm looking at about a 16% return on investment.My thought is, if I managed to make this work by accident, imagine what I can do if I actually seek out rental properties!

But I guess I won't find out until I get there and check it out - I think I'm gonna need a CPA cause Idk what I'm doing at allMY PERSONAL FINANCES:- $10k in savings- $1k in actual cash- $17k in bitcoin (give or take at current price)- $3k in silver- $2k in a Capital One Roth IRA savings account (I did this by accident thinking it was a normal Roth IRA.

However a new bad actor tenant at a different property (not my property) has brought some trouble to town.Long story short, the bad actor tenant has been involved in a number of unwanted activities including a party a couple of weeks ago that got way out of hand and a shooting occured (at least 20 to 30 rounds fired and recorded by various security cameras).A couple of errant bullets struck one of my properties, and my tenants vehicles.