Capital Gains Tax: If you sell a property for more than you paid for it, you may owe capital gains tax.

Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price. 

Rented home for $1800 per month before selling it.

A month later, a family friend referred me to someone looking to sell after the loss of a loved one.

My business partner and I are in the process of ending a very successful 10+ year partnership in which we managed to build a portfolio of 50+ units through the BRRR method. 

My wife and I have been also mulling the idea of when we build the duplex of living in one and renting out the other while we sell our home we are currently in as well and build our dream home.

Hey BiggerPockets community,I’m looking for some advice on selling my investment property in Riverside, California, especially since I’m considering offering creative financing options.

If it were me, I wouldn't sell at the discount.  

What is the process for taking over the old lease? 

I check Zillow for listed properties to see what they sell for.