Standard tax protocol is to back out a portion for land (since we don't know how long land is good for) and take the rest over 27.5 years (Congress told us that number).

Right now the plan is:Analyze deals for a few monthsBecome an authorized user on my parents credit cardsGet pre-approved for a loanClose on a deal, 5% down, before I apply for financial aid (primary residence isn’t considered)Any other advice/notes?

I literally teach this to other professionals.While not substantial authority the publications even give this guidance.here:https://www.irs.gov/businesses...And here:"Corporation to partnership.

Next, check the AHJ's (authority having jurisdiction) pending code changes related to STRs.

I suppose you could help, but it's not your property so you don't really have any authority and there's the risk of something going wrong when working closely with the sellers.Personally, I would keep the existing reservations unless they're 20% or more below market value.

Hey Tim, for the absolute best understanding of property tax data, I strongly recommend you visit the respective tax authority's website and look at the actual tax bills.

I read that a current bill in congress is set to eliminate Roth Conversions in 2022.Anyone know the latest?

What I do know: - Personal Representative (PR) should have full authority to sell the property; this gives them the right to sell the property instead of going through the court.- If there are no heirs, others who are interested, or litigations, I don't have to provide a Notice of Proposed Action and I can move on. - Even if my offer is accepted, there will be other bidders that I should be aware of.- A 10% downpayment is required when providing an offer.

The author called it SEOTA or Strategic Evaluation Of Target Area.

In fact I did a few years ago with several rent houses in south congress corridor.