While I could sell both properties and turn a large profit, avoiding ongoing maintenance and property taxes, I’m also interested in holding on to both properties as long-term investments.I’ve thought about possibly doing a full demo and rebuilding a custom home in Carlsbad for personal use or to sell down the line for a significant profit.

@Glenn N.Typically when lending you pay taxes in your home state only but if it defaults and you foreclose then you own property in Florida and would be subject to Florida taxes

He ignored these requirements and he went straight to the County with the same paperwork and the county approved the subdivision; therefore he was able to sell 5 of the 6 properties to different investors.

Just be sure to select a reliable property manager that aligns with your expectations

We are closing on a property in Akron.

I'm here to learn as much as I can about real estate because I am looking to invest in properties near my area which is metro Detroit.

It’s true that you can have a 10 percent down and have it classify as investment property for tax purposes as long as you can meet the irs definition of investment property while also meeting your lenders occupancy requirement. 

Hello everyone,My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the transfer besides my CPA.Can I do the transfer of the deed myself (going to the County Recorder’s Office) and just check with my CPA for taxes due?

Quote from @Daniel Kulik: Hey everyone, I'm developing an automated property management software specifically designed for small to medium-sized landlords.

This all hinges on what you call a "rental property" is actually NOT a rental property in the tax code!