Given this was your home (ie, principal residence), and as long as you've lived in your home for 2 of the last 5 years, your sale is likely eligible for the Section 121 exclusion, meaning $250k in gain excluded from taxable income (or up to $500k in gain if married and filing jointly).

As best as I can understand it, they "joint venture" with the seller.

Earn rental income with the potential for a higher sale price in the future.Partnerships or Joint Ventures: Bring in partners to invest in a property together.

You may find that collectively (as a household) you may end up with a bigger tax bill/smaller refund when you file separately vs when you filing jointly.

I love educational books like this and a bunch of others that really give me energy to tackle my goals and hustle hard towards my big why (shoutout to Simon Sinek).Right now I feel like my company is on the verge of a huge transformation and a big "level-up" event: successfully offering our first large commercial residential investment as a syndication or partnership/joint venture.

How do you approach partnerships or joint ventures as a means of securing funds for real estate projects?

I've never done student housing on the landlord site, but I did live in a house with 7 bedrooms and an apartment out back that used to be the detached garage.Overall, a positive experience, but here are a few things to consider:1) You want everyone signed "jointly and severally liable" for the rent.

Selling should be the last option Like others have said , the PM companies could just be having a knee jerk reaction and telling you to replace a whole roof when you can repair it

Once the property's financials are more stable, you could refinance with a more traditional mortgage product.Partnership or Joint Venture: If financing is a challenge, consider bringing in a partner or forming a joint venture.

We file a joint tax return.I put this question here to see if this is even practical or possible to pursue?