Purchase price: $179,000 Cash invested: $15,000 Lived in the property for 1 year.Knocked down living room wall, replaced Hvac, floors and gutted and remodeled the kitchen, attic insulation, converted the living room and the dining area into rooms.

Or ask the third owner if they would also consider selling, so the whole property is sold.Whether a partnership or LLC, follow the Operating agreement. 

Most people that I know just sit on it for decades, while paying property taxes.

I'm under LOI to acquire my first LIHTC property (107 units in semi-rural south Chicago suburb) and am moving fast and furious to get up to speed on all things LIHTC.  

All - I've owned this rental property for +6 years in Cleveland, OH and never had fleas ever with several rental cycles.

After building a 1000 + property driving for dollars list, and about 65% on the DNC list, I am looking at reaching the ones I can't call with an SMS campaign.

Here is a link to the property. https://www.zillow.com/homedetails/3830-Crescent-Dr-Santa-Ba... 

I co-host properties in DFW and could help answer any questions. 

Lately we have been lucky enough to have our favorite local Property Management guru David Tilney join us in person and on Zoom to share his endless knowledge about how to effectively manage your (or others) rental properties!

Fortunately, you will be able to to a 1033 exchange into new property and avoid any tax on the gain.