I will avoid this $37,250 tax bill if I sell it now (I believe it's taxed at 15%).It was my intention to hold this property for a very long time (10+ years) as Austin was been appreciating nicely, and it's cash flowing at ~$750/mo.I don't plan to buy any additional properties at the moment. 

REIA meetings, meetups, calling the "handyman special" signs, calling the "we buy ugly houses" or the "we pay cash" billboards and signs.  

My overall goal is to have my real estate commission checks in that company and have the new s-corp company buy units to rent. 

Assuming you bought a cash flowing rental, then that means you are leaving more in the HELOC (incoming rents) than you are taking out for that property, thereby paying off the HELOC faster, also increasing the amount credit available for you to use to buy more houses down the road.

New to DFW and I would love to hear your advice.We concentrate on buy & hold, typically 150K - 200K PP, at least 1,000 sqft.In which areas do you think we can enter the market?

This isn't always their initial plan, but it often turns out to be a profitable strategy.Several clients have considered buying condos to rent due to the lower maintenance requirements.

In some cases investors were mere dishwashers and hospitality staff at the prominent Four Seasons Hotel in Beverly Hills and lured to invest buy another worker Surya Aparajita.

I've been involved in the construction field for over 30 years and started my own construction company in 2008 when I also started flipping houses. 8 years ago I sold the construction company and began buying and holding long term rentals.

You won't be able to buy fixers out here all cash for $100k!

Investment Info:Small multi-family (2-4 units) buy & hold investment.