That's why I suggest asking the question from the perspective of why it's being treated like a sale vs. asking about the consequences of the transfer...and maybe the posters State is part of the answer.Obviously there are many personal facts not included here any one of which could be the "aha" moment for understanding what is going on.

I like to dig into the last ten years or so to see how it's been doing.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck in your search.

Thank you.I had an awesome conversation with a gentleman last week talking to me about how he's been able to acquire plenty of real estate through syndicates.

umbrella 2. and under the cash umbrella are the options we talked about - your own cash, your dentist uncle's cash (private money), a local fix and flip lender's cash (hard money.)i did a BRRRR last year (that i ended up selling because it didn't appraise) and i bought it with my own cash because the purchase price was pretty low. 

Couldn't think of the title last night. 

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

She covered attorney fees, closing costs, title and paid up the property tax through the end of last year.

I exited last year with i/o seller financing.   

It is landlord-friendly, and specific pockets have gone upwards of 2-4x in the last 5-10 years.