If you are new to buying at trustee sales I recommend studying a bit and learning how to conduct due diligence with regard to lien position, IRS liens, property taxes, title issues etc.

Hey @Darian Gore, While I am a bit biased, I would 100% recommend you work with a tax pro for your taxes.

Since he’s 62 I know we can withdraw with no penalty, but is there a way to avoid taxes ?

The laws also make you register and pay hotel occupancy taxes, with some serious penalties if you try to not do either.Also, Airbnb doesn't work everywhere here.

DSCR loans are underwritten based on your credit, liquidity, and the rent you will receive vs the principal, interest taxes, and insurance.

I can’t help but think I’m running out of my youth to do physically taxing things.

The ultimate goal is to reduce the likelihood of capital calls, while at the same time streamlining work for the bookkeeping team.Example: We're buying a 40-unit apartment complex (in Michigan) with an annual property tax bill in year 1 of approximately $50,000.

@Tammy Muller here are two great threads that cover the accounting software options and feedback thoroughly: BP -> Quickbooks or something elseBP -> Fav bookkeeping/accounting softwareThey don't mention either of these options, but that might be because RentalHero &  REI Hub are full-blown property management software, and Quickbooks Online, Digb, and Stessa are accounting/tax software focused on real estate investors.

You're completely deferring all tax on gain. 

PM me, I have a 1st NPL in SC I am selling off and may have others soonNo second, taxes current