Any paper trails that should be in place or is it as simple as giving notice at the right time next year and not renewing the lease?

This might be a time you can look into creative financing but once the property changes owners most counties will reevaluate property taxes based on the sale price.

(Home Prices Chart for Wake County:https://tmls.stats.10kresearch.com/infoserv/s-v1/IFT9-D07)Here’s Where We’re At TodayThe Median Home Price in Wake County is $471,000 for all real estate, down 2% from last month and about where we were this time last year.

Actually, it is to my advantage to simplify, making ownership of my assets easier to file at tax time.  

This is my first time going non conventional.

Knowing your reasons can help people give you the best advice.I can’t think of a worse time to use preferred equity unless I think back about 15 years.  

The exemption can be prorated based on the time you actually lived there.

I would use a property manager to manage them as I only have experience with traditional rental properties.I would love opinions from investors who actually use the Section 8 program and those who do not.What is your opinion on which one is better long term and brings in more cash flow now.I appreciate any information.

Another option would be a lease option on the building where you lease it and buy it after a period of time.

Have you thought about how long-term rental loans can help you achieve consistent cash flow and build wealth over time?