You will only be taxed on the profit provided your return is prepared correctly.

We specialize in student housing and have 32 students renting from us.

It sounds like there are 4 heirs.I would prepare a letter of intent and send it each of the 4 heirs to see if they are interested in selling the property.

Specializes in the specific type of property you want. 3.

Another thought on this thread would be to prepare a comp workup of other similar properties in the neighborhood and show them how many days they averaged on the market for a standard sale.This way you can help the family decide if they are willing to wait to get a market offer or if they really need to liquidate the property to sell in less time.Additionally, I agree with the other comments, one quick sale below market will not create a market.

HUD homes can be found on a special website in each state.

You might have to market more, but you can be the only game in town to fit that special situation.

This being my first real commercial buyer consultation I was hoping you all could give me some advice how to prepare for the meeting, questions to ask, etc.

Make a special post when your net worth column reaches the million dollar mark.

By having a solid cash flow from real estate investments, should that ever happen you will be prepared and not even miss the loss of the retired pay.