(In addition to most likely not taking rehab costs into consideration).

Hey Guys,I'm considering selling the duplex I renovated in College Station and I don't know if I need to talk to a Real Estate Accountant or a Real Estate Attorney about my tax considerations.

I don't mind being present during showings to vet the prospect because the time consumed is considerably a lot and only a few will actually be really interested.

Prices are on the rise so margains for us have become quite small.

Depending on the NOI of this opportunity, $900,000 can get you into a considerable size mobile home park or other type of investment (I really only know MHs).

Land is hard to move and hard to collect much rent from if and when you end up holding it.I do know that one consideration with gun ranges is lead contamination so that might also drive down the price for any buyer if it has not been properly maintained.

If you hire it out you will be looking at considerably more.

When you know that the majority of debt on a property either is, or soon will be indefensible, then you can afford to be considerably more aggressive than competing parties who are  unaware.See also this informative article by a Colorado Lawyer regarding application of the statute there. http://www.markhofgardlaw.com/Articles/When-is-a-Mortgage-Lien-Extinguished-Through-Expiration-of-the-Statute-of-Limitations.shtml  Best wishes,

Now, don't get me wrong, I am not the type of person who lets someone tell me I can't do something and then not rise up to the challenge.

In fact, comparing the cost of living in those 2 provinces, while food, fuel and taxes are considerably more expensive in NB than in Ontario, the rent paid and even cost of housing is what more or less balances it.And that said, while housing is cheaper in NB I find rents are generally so much lower that one does well there, as well as in most places in Canada, if a property pays for itself.