Are you trying to get into a different investment?

After enjoying a net income of $36,000 per year on a net $67,000 investment, I sold the real estate to the operator for $335,000.

I am new to the world of real estate investing and am eager to get started.

Depending on your level of income from those investments, you could be better off biting the bullet and accepting the ordinary income classification while exploring SE limiting strategies like forming an S-Corp.

I'm glad the community was able to help you make a stronger lease to avoid issues later in your investing career and that everything worked out for this situation.

As a disclaimer, I want to mention that every investment has risk and there is no guarantee of any return on this investment or any other investment.

@Paul @Paul Hurtubise especially family, it's not a law and you can do it yourself, but yes record a second deed of trust if you want money from them.Good Investing...

It's important to identify your investment goals first.

Investment Info:Single-family residence buy & hold investment.

Many landlords disagree with this policy but that is because they fear having to protect their investment.You have a lot of money tied up in your investment, always put yur needs first and reject any applicant that may place you at risk.