I have a number of clients who have leveraged their equity to purchase a 2nd - or 10th - investment property.

Be mindful of recapture tax when selling but consider long-term strategies like a 1031 exchange.This post does not create a CPA-Client relationship.

I’ve built strong relationships with local agents and other investors in the Hamptons, which helped me discover this off-market property.

Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.

Based on an inspection report on one of the deals I worked on last year, I was able to negotiate over $15k of credits and repairs for a $200k house using a $400 inspection report for one of my clients.

There is strong rental demand because of growing population, job market, and the booming tech scene. 

Reporting begins when it's placed in service, not when it’s first rented.This post does not create a CPA-Client relationship.

We've also advised this method to our investor clients that borrow from us.

I would consider selling, i’m not necessarily saying you should, BUT only hold if you have a very strong belief in the appreciation of this property. 

While my local marketplace is the Greater Hartford region, I serve clients all over CT.