Broward and Miami-Dade counties aren't bringing in Disney numbers, but domestic and international tourism is quite healthy and those that benefit from it strive every day to keep it that way. 4) Retirees love warm weather and no state income tax really comes in handy when you start taking distributions from pensions and other pretax retirement vehicles.

Oh btw my mom is a retired realtor and property manager.

Not the "retire by 40 and travel the world" kind but more of the "your tenant will try and do everything possible to get out of paying rent" kind.

Although this will be a spec build, so to speak (as I plan to sell both units after construction), I have owned this property for more than 20 years and have rented it the last 8 years.I also plan to do a 1031 exchange with the proceeds, to purchase a like rental somewhere on the peninsula (and perhaps move into for retirement).I do not do this for a living, and this is the only property I own besides my primary residence.With the above in mind, will the donation be applied to my income taxes under Schedule A, or somehow applied to the basis of the replacement 1031 home?  

@Linda FelterWelcome to the site.Being a landlord is a great way to build some retirement funds.I would reach out to some local agents.

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I am a newcomer to BP and am looking to make a purchase by the end of summer.My goal is to be able to semi retire and manage my own RE instead of other peoples.I am currently a maintenance manager at a shopping center in Milwaukee WI.

You certainly have the right idea to apply RE investments as one of several sources to wealth/retirement and are to be commended for that.We are only attempting to stress the importance of buying right in this market we find ourselves in so that your returns are maximized.

We established goals (early retirement when my husband reaches 20 years in the military). .Than from there we started on our "plan" to get there.

Investing your IRA into real estate can be a fantastic way to diversify your retirement savings.