If I am the only one materially participating in STR, can we deduct STR depreciation from my spouse's income if we file taxes jointly?

i have 2 question. do i pay the capital gain tax in the state where the asset is located. how much do i have to pay in taxes if i do not want to do a 1031. 

Prices are generally cheaper, there are no caps on rent increases and there are no property transfer taxes.

We have land (already paid off and just pay property taxes) but just haven't bought the home to place on our property. 

---REALITY: tenants don't want you in their home while their packing to move.We try our best to schedule a MoveOut Evaluation the day after tenant moves out.

Some just make perpetual threatening phone calls.Some start court actions, so they get a money judgment which they can use to at least garnish state income taxes (you can't garnish federal returns).Property owners need to start asking PMCs HOW they will execute their services, so owner expectations can be better met:)

Taxes DO NOT reassess on the sale. 2.

You'll need to schedule an inspection with the local public housing authority (PHA) to verify compliance.Follow fair housing laws: As with any rental, you must follow all federal, state, and local fair housing laws.

I highly recommend it.If you have any other questions or need any bookkeeping or tax help, please feel free to reach out.

Typically, getting into the 5-unit range can get overwhelming for people and take up too much of their time.A good real estate focused bookkeeper will save you a lot of time and headaches... especially during tax prep.