I guess you can call it a goal, but it is really more of a plan so that I can make adjustments if things are not going as I had planned.

Along the way, we'll be evaluating other options as we learn more, and adjusting the plan accordingly.

This is treated as ordinary income.The next portion is a return of the adjusted basis in the property.

Next time plan better so all parties have sufficient time to adjust.

.), which has distorted the system, removed the systems ability to take a loss and adjust, and led to the wonderful state of quasi governmental ownership we are in now.

Sales by corporations that transfer employees out of an area, purchase the transferred employee’s home and then resell to another employee.If a property being sold from one family member to another is the seller's investment property, the maximum mortgage is the lesser of either: 85% of the sum of the appraised value plus the allowable percentage of closing costs OR 97/95/90% of the sales price plus or minus required adjustments including the allowable closing costs.The 85% limit may be waived if the family member has been a tenant in the property for at least 6 months predating the sales contract.

The more comps you have, be it the income approach or market (and cost) the more valid your assumptions or adjustments will be.I would never buy a property with only one comp unless I knew the market and was confident that my offer plus costs will yield a profit.

Make sure you pay attention to the details such as number of rooms, square footage, etc.As for the rent adjustment, you'll also have to compare that to the comparable rentals in your area.

Because corporations are separate entities, they are taxed at the corporate rate, while LLCs are taxed based on Adjusted Gross Income of the owners.

Your capital gain is the excess of your selling price over your cost basis (adjusted for improvements and selling expenses).