The seller purchased the property to do a favor for someone and the person died.

Because we file joint taxes, This results in me redacting my personal income and investments- ie: The rental property.

Remember there are income limits, contribution limits and other personal factors to consider.

I'm looking to buy houses off market for personal investments.

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

In person control before controlling re from the distance.

Hello everybody, my name is a Cody and I am new to the BP forums.

Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

I wouldn't spend 2k on it or anything.Yeah I have one particular house where everyone who books it constantly says how pleasantly surprised they are at how nice it is and that it looks so much nicer in person than the photos.

I've personally worked with Eric more than once for a Land Loan!