I plan to do this after my BRRR is completed at the end of this month.

You can do a quit claim deed, where you are on the title and he is not, however, he still have a liability, that is, the mortgage is still under his name.

Does anyone know a good and fair lawyer in Ocala, Florida who can assist with filing a small claims court case against tenants for damages caused on the property?

For example, in early 2021 they let my property manager know that the bathroom floor had a "squishy spot"- but it turns out the floor had completely rotted out and you could see down to the basement from the floor.

To put this another way, would you rather leave your $40,000 of capital in a property for 2 years and then walk away with a $50,000 realization event when you sell the home or in those 2 years complete 3 BRRRR transactions, become frustrated by the reality of owning the low income housing and then sell 3 homes after 5x as much work with no gain?

Another 20-30k would complete the project although it is livable.

A borrower filed a wind claim for another property on his insurance a year ago.

Unless of course, the taxpayer shows material involvement and claims to be a real estate professional, spending 750 hours per year.Employing a property manager to manage out of state properties makes it virtually impossible to stay actively involved and spend 750 hours. 

My capital gains will be about $150k.I'm thinking about raising my realtor fees (ie 10%-20%) in order to lower my capital gains reported.So it would look like this:Sale price= $245,000Realtor Commissions= $24,500(at 10%) -My managing broker only charges me $500 for each transaction no matter how much the commission is so my splits will not change at all based on the percentage.capital gains (figured after ALL selling costs including commissions noted above= $125,000If I do not claim realtor commissions, my cap gains would be $150K.

4. complete your BP profile - Include website links, social media handles, or other online profiles so that people can find you.