(She may have to recognize gain on that).Additionally, some of your closing costs and the capital repairs should increase basis.Another consideration, when a primary residence is converted to a rental, the depreciable basis is the lesser of the FMV at the time of conversion, or your adjusted basis.Hope that makes sense.

But if the team is experienced in real estate investing/development and tech-functionality -- in essence knows what they're doing, has a proven track record of generating returns for investors on a range of projects, and is capable of doing robust diligence on real estate companies -- then you ought to be in good hands.

She has no REI experience, neither do I, but we both recognize that this is a great opportunity to help set her up for cash flow and security in retirement (she's 60).

BP has proven to be a great resource, I have already met a handful of people through this site and hopefully it continues to be a viable networking tool as well as information source.

Does anybody have any proven strategies to accomplish this?

@Andresa Lobrace Letters have proven to receive better response rates than postcards.  4%+ vs. 0.5%.  

But I would hope you're able to recognize the difference in yourselves from the typical American who doesn't know what they are missing out on by spending their money on cars, lattes, clothes, and cable.Please, read the things I've said or take the time to listen to the podcast before casting assumptions on what I'm saying.

I think I recognize where your confusion might be arising.

Every market I have used my proven strategies to increase gross revenues by over 40%.

All great companies that have proven to me to be good time and time again.