This is pretty clean.Scenario 2:  Your partner has owned the house for 15 years and has been taking accelerated depreciation, so the book value of the house is very low. 

Since the property has vacancies, a buyer might discount for lease-up risk, so that’s something to factor in.I owned a multi-use property in IL that is definitely different than what you're looking at.

So, I’m curious how you are managing to find your deals, whether you are buying at auctions or via marketing direct to sellers.

He had to reset the main breaker that turned off dryer, so it was a quick fix, but said it could prevent messing up appliance and having to pay more.

So, if the co-signer owns real estate that is usually sufficient.

So you would need to have your PM reach out and have them deal with it.

Anywhere near Evens has gotten very expensive, so cash flow will be tougher.

So, perhaps hiring a couple day laborers to help them move or even paying the 1st months rent on a storage unit would be better.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Hi all, My relative wants to combine their $500K personal exemption & a 1031 exchange to liquidate their rental properties without paying taxes, but they are worried about missing the180-day time limits for the 1031 exchange, so they want to involve their son-in-law (SIL).