So you sold it for $20k which would reduce the asset side of the balance sheet and if you exceeded your basis it would move to profit and loss statement.Then in future when you get payments it will all go the the profit and loss since you exceeded your basis

Its proximity to major highways, including I-10 and I-65, enhances accessibility and facilitates commerce, making it an attractive location for businesses seeking logistics and distribution centers.**2.

For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee

@John AndersonI recommend that you speak with an accountant to discuss other ways to reduce your taxes. 

@Kalen AdamsonNot tax advice as a cpa can respond but typically when you cash in stocks that gain is taxed (if owned for a while at qualified dividend rate).You could take the cash, hold money for taxes and put that money as a contribution to the LLC and then start investing in real estateIf you invest in real estate you may get depreciation etc whixh could be paper loss and potential reduce tax obligation but the entire picture needs to be looked at

The next problem is how well these tools help with notifying you of new adds to the filter, vs re pulling the whole list (dups included) each month. 

This could include things like fresh paint, updated fixtures, new flooring, and minor renovations that can make a big difference without breaking the bank.Additionally, make sure to provide the appraiser with a detailed list of all the improvements you have made to the property, along with any recent comparable sales in the area that support the value you are hoping to achieve.

Include this in your sales pitch when reaching out.3) Offer STR services to build up cash and get your foot in the door...Cleaning, eyes on the property, landscaping, running to the store, small tasks such as a mail collection/trash day, offer a STR experience such as setting up for bachelor/bachelorette parties or grocery runs, etc...I think there's a missed opportunity with service based businesses and STRs. 

I want to convert my current residence into a SFR and look into buying a duplex to implement house hacking and reduce monthly expenditures while also getting into another property.

To reduce your long-term expenses, investigate several loan alternatives and interest rates.Property taxes, insurance, and possible homeowner association (HOA) dues are among the special costs associated with NYC.