The one issue with having different portfolios in Appfolio is that all the money flows into the main account and you can't have separate bank accounts for each separate portfolio, I don't know if that is an issue for you or not, but felt it was worth mentioning.  

I am not too far away in Charlotte and like you I’m looking to move past ownership for personal use into ownership for investment purposes.

I will be doing one at a time, doing mainly cosmetic work myself. 

Full disclosure:  we're a TK company, so our main metric for our investors is cash flow, not appreciation. 

She intends to sell the house to me for $200,000 but is concerned about tax implications of the proceeds from the sale of the home.So the main question is how the sale will be viewed by the IRS.

TRUST - LAND □If you have a land trust, have you reviewed why you have it and whether or not there may be a better alternative to accomplish your intended purpose?

Won't use it for any other purposes so please rest assure

I wrote the above for informational purposes.

@Dave Foster - "Without documentation that the property has been held for investment" - Can you share what documentation do I need for this purpose? 

I'm a $25k/year licensed massage therapist, just hit my first year of solo business (so still inconsistent revenue) while gradually tapering off my main job (diminishing revenue), so I'm entering a phase of much less predictable income.