So the lender will recognize 50% or so as a reserve. 

By that, my recognized gain should be 0, and all 202000 should be deferred gain. 

There were no guidelines that I recognized specifically in that document.This seems like an interesting play and I am curious what others think about all this potential upcoming requirements.

The other problem is the stats change, I do new soil farming every 6 months to determine changes and recognize changes in my research.  1. reasearch, research, Research your area2. set your criteria, ROI limits, and geo specific areas3. setup auto search systems or notifications4. rinse and repeat : Goto to step one

J Scott I almost didn't recognize you with your profile avatar change.

Courses must be completed at an institution of higher learning accredited by the Western Association of Schools and Colleges or by a comparable regional accrediting agency recognized by the United States Department of Education, or by a private real estate school which has had its courses approved by the California Real Estate Commissioner.

I highly suspect the absent of this disclosure was intentional and that they recognize that the property is worth substantially less with this information. 

By the time I got to 175 units, I recognized certain limitations with Buildium that were really hampering my efficiency.

[Name Withheld] (2021), unlicensed individual from Sheffield Village, Ohio was assessed a $1,000 fine for marketing a property for sale for others in the Canton, Ohio area and holding oneself out in the business.

I feel like it is the natural progression of a real estate investing career.What most (including me starting out) fail to recognize is you may not be assigning a proper value to your time.Your time may be better spent working to increase your income to buy more properties or in finding new properties through networking or creative means.Plus you don't want to get to the point at which the stress of operating your rentals is holding you back when looking to grow your portfolio.