Education will be your biggest gain from your initial deal.

As you already know, there is a lot to be gained from hanging around folks here.

I would work on it for the next few months and then list it so that it will close after you have owned it for one year or more.If you sell it after owning it for less than a year you will pay the higher short term capitol gains instead of the long term capitol gains.Listing it on the mls, with an open listing will get you the most exposure and best price. 

The risks here have the most weight in determining success or failure.

In less than two months I had a fully renovated and rented property, was in a position to refinance, and had gained valuable experience for the future (knowing how much things cost, knowing how much time it takes to complete a rehab task).In regards to management, it is definitely true that managing 2-3 tenants is more work than just 1, so it's really dependent on how much time you have and how you value your time.

If you figure out the funding on your end and pay him in full for all of his properties, he'll pay capital gains on all profits.

Are you planning on avoiding cap gains and depreciation recapture?  

Hi Tristam, I unfortunately can't offer any commercial insurers as for you but would like to comment on the loss...I'm not sure if Carrier denied this claim entirely ; if they stole wiring that would be considered Theft however I personally would consider the damages caused to the property Vandalism; in order to remove the wiring they had to gain access to the wiring and that would have probably damaged the sheetrock wall, damaged/scratched the paint, debris on carpeting (maybe metal shavings from wiring in carpet) and possibly even caused damage to the front door to the home to gain access.  

From my opinion, the pros and cons of each areOpportunity Zone FundPro:I can pull out cost basisAfter 10 years capital gains tax is reduced 15%Capital gains of the investment are zero after 10 yearsOnce the property is developed, I should get a regular stream of dividends until cashing out in 10 yearsCon:I may have a 2-3 year wait until the Fund generates incomeFunds are pretty much locked in for 10 yearsReturns don’t seem to be as good as a rental property 1031 ExchangePro:I can exchange into properties with better cash flow and collect monthly cash flow immediately I have a tangible property rather than a fund which can be mismanaged I believe my monthly returns will be higher than an OZ Fund Con:Capital gains (depreciation recapture) continues to buildNot as passive as an OZ Fund I’m wondering if I missed anything?

David Greene suggests not doing your first deal(s) with them until you have gained more deal experience, agree disagree?