Glad you decided to hop into the real estate game.

Maybe we can hop on a call and I can talk with you about OOS investing?

The IRS Fact Sheet goes on to say "The general recovery period for residential rental property is 27.5 years." 

According to  IRS Publication 946:Any of the following improvements to nonresidential real property placed in service after the date the non-residential real property was first placed in service.1.

Hop on a plane and go see their operations.

If the IRS were to ever view that as selling of inventory then your exchange would be disallowed.If you simply created legal descriptions or political entitlements then the chances are you would be able to sell lots individually. 

@Mark Alston @Chace Fraser @Brad Hammond  If you or your clients ever have questions about house hacking or strategizing for the next purchase, I would be happy to hop on a phone call or Zoom meeting to walk through the details.

@Nicholas G Lede countryside FCU. 20% down, 3.625 IR for 15 years.

Depending on the account size and your tax situation, it may be beneficial to spread the distribution over a few years in order to avoid being taxed at a higher rate.The RMDs for your situation are based on the IRS's Single Life Expectancy Table, not growth.

Thinking about listing my in-home apartment on airbnb and learned that airbnb income can be considered "active", not "passive" in the eyes of the IRS and results in the owner having to pay SE taxes on top of income taxes.