Reinvesting the funds has No bearing on taxes on the gain......the only time that applies is if you were doing a 1031.They will be due on his 2019 tax return.

I purchased the home 4 years ago as my primary residence and have had tenants with steady income on three tax returns from the rental unit.

You will more than likely not see a return on a kitchen remodel, but an extra bath might add some value.At first blush I wouldn't pay anywhere near those numbers, but again I am located in the midwest and most of my properties retail between 90 and 135k

My whole point is that when analyzing a property in the book Brandon speaks of cash on cash return of 10% as a goal.

Lenders are my only partners, they take on the most risk, and they do it for a low return. 

You will need to file an annual tax return for the Charitable Trust, Form 5227 Split-Interest Trust Return.

The circumstances surrounding it aren't the greatest, as he was essentially screwed by his wife's sister after she agreed to use her credit to get them into a house that they paid down for $400K over 10 years, she didn't pay the down payment, or taxes an insurance, and now she is demanding more than half the $500K equity after saying multiple times in 10 years she wanted nothing in return.

They don't want high maintenance JV partners who want to be involved in every little decision and may have unrealistic expectations (in terms of %return, and time it takes to complete the deal). 

It claims to be able to identify prime areas for your needs, and show cash on cash returns for both airbnb and traditional. 

The individual is currently traveling across Alaska with no set date on when he will return and does not have the note on him.