The three issues I have been following most closely are Capping 1031 Exchanges to $500k per person per year, Elimination of the Stepped-Up Basis and Increasing Capital Gains Tax Rates to as much as Normal Income Tax, i.e. 37% (Current with 39.6% Proposed) Federally.

If you're renting I would eliminate that huge expense first.

By selling it unfinished you are eliminating the buyers who pay the highest price, owner occupants.

If you eliminate passive gains (from the sale of a syndicated property) with passive losses (from depreciation of a new syndication) is the tax on those gains gone forever?

Improve your chances of success by eliminating as many contingencies as you can, giving a very large EMD and not low balling.I hope that helps!

We went with his plan, but this inspector won't allow outlets from both apartments in that side as he considers it penetration of the fire wall.We are exploring the fireproofing that spray foam offers thinking we can fill the cavity and eliminate the cavity on one side.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

I see that as a major risk by eliminating the diversification of my tenants while sacrificing the security of a longer lease.

I'm hoping based on the opinion of an associate (former CFO of The Health Care REIT and current financial manager for a family office in Manhattan), that Biden's elimination of step up in basis and 1031 won't fly as the entire global Re business pretty much "survives" based on these two allowances.

Rent out the bedrooms which will greatly reduce or eliminate your cost of the mortgage.