The IRS has rules written about it as well which provide good examples.Unless I have an appraisal I almost always use the town/county assessment.

This person is an adult doing a career change - they are moving to town to go back to school.

Currently reading Brandon Turner's The Book on Investing in Real Estate with No (and low) Money Down as well as exploring the education available on this site and Youtube.

If they don't want to exchange into more investment property right away, they'll end having to pay taxes.But there are options they can explore. 

Good afternoon all,  I have a 6 unit apartment building in a small rural town that has issues with lime in the water.  

Go to the website for the town> then the Tax Assessor page> then look for a link to online property information databaseThere are several different companies providing this service in MA, so it is easiest to simply start with the town website and go from there. 

However, if you are a now realtor knocks on a door or leave a flyer with no hand bill permit or local solicitation permit you may be fined by that city in most towns or cities.

Pick the best mortgage program that will ensure your rental deal really is a deal.Also, rather than getting a single mortgage for $155K ($80K + $75K extra), explore getting that $80K first mortgage and then getting a home equity line of credit (HELOC) for $75K or as much as you can get.

We just had an interesting opportunity arise-- we have a seasonal theater festival in town every summer, and the company is seeking housing for one it's directors. 

Most people in town had no idea that these were up for grabs.