We're looking to sell our rental property that isn't performing well.

One inside share I can offer is banks (credit unions as well) and servicers (ie.

Well all of you tax pros--a question.

You got me excited.I thought it was in Toledo, Ohio lolWong market mate.Might as well be in Toledo in Spain haha

I'm not sure how straight-forward your rental amounts are, but I needed the ability to line-item out several different charges (CAM fees, etc.) as well as have different base rent amounts based on the year of the lease (cost of living increases yearly) and found that Innago was the best fit for me. 

My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.  

Hi Daria,Assuming you did a 1031 exchange, the flooring, as well as the rest of the property is depreciated normally (a little nuance, talk with a CPA for specifics).

From what you have posted this isnt a demanding tenant issue... this is a "you didnt inspect the property very well and fix all the needed items BEFORE the tenant moved in" issueIf your PM is responsible for the post move out and pre-move in inspections, then they did a crap job.

Regarding Scottsdale, I know you know the market well.

So if the property is in your name and you write a lease in the name of ABC Management that is completely fine since they are synonymous.What you're referencing is standard operating procedure for anyone starting a sole proprietorship who doesn't want to use their own name exclusively.Hopefully I've explained this well.