ie, what portion was retained and why.

I am not sure you know what you are taking about.Vacation rentals make up a tiny portion of the investment market.

When you give him access to your systems make sure it's a segregated access to a portion of whatever system your using.

I really want to get into large multifamily properties one day, but I have neither the knowledge nor the financial situation to break into that portion of the market.

A payment made in good faith for a partial cancellation of a lease or a distributorship agreement is recognized as an amount received for cancellation under section 1241 if the cancellation relates to a severable economic unit, such as a portion of the premises covered by a lease, a reduction in the unexpired term of a lease or distributorship agreement, or a distributorship in one of several areas or of one of several products.

Mike:There are too many questions to answer all of them with their nuances, but I can easily tell you what I would do.1) Sell the property and use the IRS homeowner exemption to avoid paying capital gains tax2) Take a portion of proceeds to use as a down payment on your next personal residence3) Use the rest to buy rental property in a lower-cost landlord-friendly stateThis plan is very conservative financially, is likely to generate plenty of passive income to help grow your portfolio in the future, spreads your risk around, and geographically puts you in areas where you can make money today rather than just speculate on appreciation.

Below is a screenshot of a portion of my evaluation spreadsheet.- Materials & Labor = Rehab Costs- Purchase Price = Cost to purchase from owner- Purchase & Sale Commissions = Our brokerage fee (partner is an agent)- Down Payment = 10% of Loan & Loan Needed = 90% of Loan- We will be paying 2 points on the loan needed.Thoughts?

Deductible: This is not a coverage but rather your portion of a claim.

Any advice on either the loan portion or the LLC portion is appreciated.  

xxx Acres--stream and irrigation availableRoad Access--Near XNW portion of CountyCall xxx-xxx-xxxxask for Dylan