That's should be asset if you want to successful investor.Are you asking right questions to people whom you are trying to collaborate and work together.

This will increase her basis, possibly very dramatically, and reduce her capital gain.If I have not convinced you that you need professional help, then probably nothing will.As to a 1031 - see @Dave Foster's answer. 

@Dave Foster that would depend on where their other income was at, if they have a big W-2 or another business the SE tax may be minimal :)Taxes are important but they are not everything. 

If you can think from that standpoint as much as possible, you should be able to foster a collaborative relationship. 

Originally posted by @Dave Foster:@Joe Sz, If you 1031 properties throughout your life you will have accumulated a lot of deferred tax. 

@Dave Foster Thanks for the detailed and informative reply - appreciate it.

Yes David Foster you are right, however, my undestanding, is I just have to hold the property for two years.  

1. be present where i am: time w kids, time w wife, balance my work sched n personal sched - no more blending... hence, being present where/when needed2. have a web service running n netting 1k/mo on avg for y13. flip 2 homes4. buy a >/=4u rental5. build up some consulting work: collaborate n help small biz (10+) w marketing efforts (web/local/mobile venues) on an ongoing/reg basis6. reach net 25k monthly by end of year w combination of new biz created in 20137. health: maintain optimal weight by April, run 3x wk, green smoothie daily8. pray daily, go church weekly (no longer weakly), journal/meditate daily9. review goals monthly, plan weekly/daily10. volunteer monthly

Hey Drew, we use the following softwares for STR management:Hospitable - PMSResortCleaning - Tracks cleaning schedule, notes, and photosPriceLabs - Sets our pricesRemoteLock - Tracks the battery life and connectivity of our smartlock infrastructureGoogle Enterprise - Most of our company operations happen within Google, helpful for live collaboration

chapa.org/looking-housing identifies several classeshttps://www.chapa.org/looking-for-housing/homebuye...The homebuyer education schedule below contains pre-purchase and post-purchase workshops for first-time homebuyers offered by agencies with a Seal of Approval certification from the Massachusetts Homeownership Collaborative, a designation indicating they meet the Collaborative's standards for comprehensive homebuyer education.http://www.massaccesshousingregistry.org/ is about affordable housing.https://www.chapa.org/looking-housing/homebuyer-co... is counseling  My experiences has been that FTB(first time buyer programs) are effective and useful to buy an SFR - - did this myself.