I hope the below response is helpful for you The capital gains tax event would be triggered at the actual sale of the property (when the gain is realized) and would be based on your all-in basis of the property and not a higher re-assessed value.

It’s a 2/1 for $258k. 11615 SW 64th Ave 97219It should rent for $1495/m PITI is $1248.63PM is $120Maintenance*** - $42Vacancy** - $75Cash flow = ~$10Principal pay down = ~$400 per monthRent Appreciation ~5% per year or $75/mMarket Appreciation 3% per year ~$8000/y or $659/mHonestly, if you have a close deal, pull the trigger because all of the benefits if you hold the property 10+ years outweigh the small loss of cash flow over the first couple years.

There is a lot more complex compliance paperwork you have to keep dependent on how it got into inventory as LIH.If it's a HUD project contract, I definitely wouldn't unless you have a really experienced PM.

At least in Denver, it's the addition of a 220v outlet for a stove that triggers issues.

In case helpful, some comments on the permitting process/cost.... it's similar to bringing an illegal addition into compliance.

You are looking at shades of grey, but you don't get a clear indication if you should pull the trigger.

I am having a problem, because my motorcycle does not trigger the induction loop for the exit gate.  

I would add that it would be wise to keep a pulse on your market, or ideal markets, and be ready to pull the trigger on a good deal when that lease is up.

It just came on the market and will go fast if I don’t pull the trigger.

I’am trying real hard to find my first Multi fam property that meet my numbers I’m 23 years old trying to get my foot in the door and will pull the trigger on a property if it meet my numbers, but what are some great websites to find them type of properties besides LoopNet, need as many websites as possible lol thank you I will appreciate it and I hope everyone safe and healthy