Meaning 10k turns into 800k by retirement - that is truly powerful stuff.Once you have a good portion in the markets and a healthy savings account then dip your toes into RE!

The extra bedroom May increase interest in the property, but when people actually walk through the house and see how small the room is and that they will have to go to the garage to do laundry I do not believe it would help the sale in most cases. 

I'm assuming since you're on Long Island that you'd like to remain near your current property or go further East.If you end up selling your current place, I'd recommend looking into areas that have had the most recent multi-family sales.

They need to be around 60 cents on the dollar ARV.Go to local investor/BP meetups and network with buyers of W.S. properties, these are typically Fix N Flipper's, Local Contractors, or just a buy and hold investor looking for a great deal that they can reno and keep.If you don't want to deal with the dispo portion of it at all, you can network with other investors that focus specifically on the Dispo.

This is in conjunction with an earlier post regarding the sale of my property in Chicago and the purchase of a property in the Indianapolis area.

I'm seeing some softening of the contract sales market selling mobile homes in my mobile home community. 

While the $135K note qualifies for section 453 installment sale treatment with the gain spread out during the payment period. 1) Is my understanding of this transaction correct?

We were recently contacted by a real estate developer who desires to purchase a portion of our land(roughly 13'x210', all along the road).

Question for the tax pros out there.If someone inherits a home from a trust after death of the owner, and the home is their primary residence, does the two year period to exclude capital gains on the sale of a primary residence start from the date of death or the date the house was distributed from the trust? 

I made 120k in equity last year with the sale of the houses but because of how stupidly our business was set up, Our tax guy suggested my partners give me most of my equity as a gift because we didn't want to get taxed on it twice.