My tenants are asking for my personal address for their taxes...I have only 1 property and am very new to being a landlard.

I was ultimately quoted a price of $10,000 to join the program, which I was encouraged to put on a credit card and ‘write-off on my taxes.’

Living in the home for a couple years before selling could also provide some tax benefits.If you decide to sell the land with just a foundation, it may be more challenging to find a buyer willing to take on the project of building a home from scratch.

Maybe we can learn something from each other.One thing I am learning/going through right now is taxes and what comes with that.

Just make sure to review your existing financing agreement and possibly consult with a real estate attorney to ensure everything is in order.Please don't wholesale subject to deals.

Anytime you raise money from investors you should also at least do a consultation with a syndication and securities attorney.

That sounds like capital gains tax on $63k-$113k depending on sales price and closing costs. 

It's a cool way to learn, build equity, and score tax benefits.

You'll also need to consider ongoing costs like maintenance, taxes, and possibly financing. 

.- If I deduct the depreciation for tax purposes, I can't add the flooring cost as an improvement to the cost basis when I sell the property down the road correct?