Some things to consider with the above suggestions of creating an LLC and contributing the property + $100,000.The basis the partnership has in the property is transferred from Person A.If person A's basis in the property is $100,000 but the value is now $200,000.The depreciation would be based on the $100,000 instead of $200,000 which may 'upset' partner B.Furthermore, you have to properly structure it so the IRS does not see it as a 'disguised sale'.A disuised sale can potentially occur when Partner B contributes $100,000 into the partnership and it is immediately transferred to Partner A.best of luck

We do include their tax rate on their return with supplement information but it only becomes a true topic of discussion during our quarterly calls with certain clients.

., Berkeley and Oakland have very pro-tenant laws so read those carefully.

Like Account Closed mentioned this gain is made up of two parts - capital gain and depreciation recapture both taxed differently.The 1031 will be a powerful tool for a planner like you. 

Homes that appeal to our target tenant segment range from $350,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandPopulation growth drives housing demand and price and rent increases.

I am not sure if an attorney review will help with this, specific, basic level of knowledge.Just like an attorney likely won't call out, from a legal perspective, that you are investing with a sponsor who is 23 yrs old and been a residential loan underwriter for 8 months before trying to piece together a syndication.  

So, if it goes badly it goes badly and you shouldn't be investing such that one bad deal ruins your life. 

So let's get a conversation going!

Dallas just implemented a new plan call Forward Dallas in Sept or Oct. 

Mind you, I'm Canadian so the US is international for me and I,m having discussions with a cousin from Europe about investing in the US together so maybe.