The seller's LLC pays capital gains tax and depreciation recapture, while the buyer's LLC uses the purchase price as the new cost basis.

I currently work with investors who are looking to begin their portfolio in turn-key real estate and manage for them on the back end so they can still enjoy their everyday lives while having a resident in place paying down their loans. 

This lowered my cost basis per lot by 7k.

With the two lots together they could be sold for 50-75k.. im doing research all day everyday to learn more and more about real estate investing.. so much that im nearly on the verge of divorce.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.

I find the interface easier to manually update rates across my portfolio, OwnerRez doesn't easily let me match rates across my properties on a spot basis (unless anyone here has other recommendations that uses OR).  

Just curious if you find it makes a difference updating your photos on a somewhat regular basis or tend to leave the STR photos the same once you have somewhat found a sweet spot?

I'm considering partnering with a non-profit that would manage the sober-living program; with me just providing the house passively for rent on a per bed basis.