Can the gain on the sale be deducted if I consider myself as an employee who is being paid a salary?

All expenses are way higher: it takes a TON of $$ to heat & cool a large house, property taxes are a killer, mortgage is higher, insurance is higher, landscaping / lawn care costs, flood insurance, etc etc.It’s also tough to book a large house at the last minute bc it takes large groups time to mobilize so you’re at a disadvantage with last minute bookings.

I still think I'm going to have a tough 6 months ahead, but I am optimistic.

Also, he said that he needs to amend the document so that I can become an employee as soon as I roll over the 401k and Pension?

We are both full time W2 employees. 

San Diego is a tough market for cash flow (initially) but adding units seems to be an effective way to overcome the rent ratio. 

I like all 3 of those states, I think they have terrific politicians in all of them that will steer the states the right way, attracting more employers and employees.

I looked at few previous rentals in the same complex and both of them stayed in the market for less than 3 weeks.The whole idea to pay top $$ to the agency is to strategize rentals in the tough seasons like Nov, Dec and Jan and get the place rented even for lower.What's the big deal if they can find the renter in spring/summer when even an owner's average listing on Zillow can draw  a lot of tenants.Originally posted by @Jaysen Medhurst:I hear you, @Sachin Sharma.

I understand Denver is a pretty tough market and as such, will be reviewing opportunities adjacent and surrounding Denver. 

The business must have a designated full time employee, owner, or member of responsible management who has passed the applicable exams and has the minimum required experience.