Accordingly, you will net $72,500 from the sale of the property ($80,000 gain minus $7,500 depreciation recapture tax).Check out this article I wrote on IRC Sec. 121 Capital Gains ExclusionAnd check out this article on Depreciation Recapture This response neither constitutes legal advice nor establishes an attorney-client relationship.

@Michael MelchiorFirstly, you have to establish a self-directed IRA, Checkbook IRA LLC, or Solo 401k.  

As my earning ability has continued to increase, I have become more and more interested in establishing a real estate investing business.

I am seeking to 1031 out of the rental and into a 'mixed use' property consisting of a main house that we live in and then a guest house that I would either rent out for 1-2 years or use as a business office for an established business that I've operated for 5-6 years and paid taxes on, etc, etc.  

This is long-term relationship you are establishing.  

I am not sure how much or how little experience you have but getting together with an established property manager is never a bad idea just to ask questions or gather resources.

Also, maybe you could intern or work for an established inspector to learn the field.Lastly, you said two things when discussing being an agent that were incorrect-employed and salary.

It is NEVER a good idea to laugh at, harass, or blow off clients (potential or established).  

HelloMy question is for the investors out there that own rental properties in other areas of the country and depend on local property management to keep the properties operating effectively.Basically just broadly searching for tips/advice on how to establish and maintain an honest and satisfactory relationship with the PM. 

> > 2) Borrowers may pay their loans at an accelerated rate, increasing> their monthly payment, or in a lump sum at any time (no prepayment penalty)> > 3) Loan recipients who fail to return to their country of origin and> allege inability to repay the loan balance in full by the latest> return date established in the Loan Agreement are subject to interest> charges.