The reason I say to invest in opportunity zones is because large investors are coming to these areas and taking advantage of the tax savings.

I also look at capital appreciation, tax savings, cash flow and cash flow appreciation.Where you invest, investment support structure for each property, and additional factors important to your individual decisions all make a difference as well. 

Do you want to build monthly cash flow, stack big checks (flips), smaller checks (wholesale), or tax advantages?

My 250K tax benefit will run out before his lease does on the 2 of 5 rule, so it might be a good time for me to sell - and help him with a lower rate than banks can give while giving me income until he refinances.

As I have heard that a “failed security system” could potentially lead to liability for tenants property.

It's relatively affordable, strong tech and industrial job growth, landlord friendly, low property taxes, and not state income tax. 

He probably would have gone for it because he says he paid almost 6 figures in taxes on it. 

My STR is a lake house so I have a 2 page liability waiver that I have them sign if they plan to use firepit, dock, or canoe/kayak.

Hi Bigger Pockets Community,New member here...Im looking for some advice on whether I should be classified as a REPS or not for 2023 Tax year as my CPA isnt much help on determining if I should make this designation.

Scenario 1: Condo conversionI'll skip all the renovation details and get right to the point - reasonable net profit from this project would get me around $863,000 which, after LTCG tax would be around $733,550.