I could use that money to transition into the bigger investments (apartment complex).I have two properties in California which do not bring me that much positive cash flow, but have gained a lot of value over the last 5 years.

They learn as they buy a property through me and I make the buyers broker commission.I also have people passively invest where I syndicate as a sponsor.I do not offer consultant type work or mentor ships.

Might be the best investment to gain the knowledge you need.

In any event you've got some very good options for placing that portfolio where you want it without recognizing the gain or having to recapture depreciation from the sales.

Does anyone have information on the state and federal capital gains tax (Iowa to be state specific) I have clients wanting to flip and would like to give them an accurate estimate of proceeds.

Aloha BP community,I'm interested  in investing in MFH and wanted to ask you folks a kind of vague question to gain some insight on this topic. 

I am committed to the concept of building passive income and firmly believe in hard assets as a way to create legacy wealth.I am a little unsure about the following, the financing piece. 

Atlanta gained a lot by just being in the top 20.

I'm neither a lawyer nor an accountant, but I recommend Googling "closely held corporation" and then asking your tax accountant how, if any, the proposed idea might impact your overall tax situation (https://www.irs.gov/faqs/small-business-self-employed-other-business/entities/entities-5: A closely held corporation is subject to additional limitations in the tax treatment of items such as passive activity losses, at-risk rules, and compensation paid to corporate officers.).I've read that when two closely held corporations owned by the same small group of shareholders do business with each other, the IRS sees a red flag because some people try using this approach to evade taxes.From my readings of personal finance articles, this additional scrutiny is based on whether there is an "arms length" between the two parties in a transaction. 

Seems to me it could be profitable and fairly passive investment in a market like mine where there are many businesses out there that need a shop and a place to store their equipment.