My expertise spans residential construction, and I recently started my own virtual residential construction consulting business to share my knowledge and help others succeed in the industry.I’ve successfully flipped multiple homes and am now looking to expand my investments in long-term rental properties.

Been hearing a lot of investors had their properties royally screwed up from Milton.

I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (and thus qualifies for the sec. 121 primary sales tax exemption of up to $250k for single filers) vs the time it was being rented (which qualifies for 1031 exchange) and claim both benefits. https://hcsequity.com/blog/combining-1031-exchange-with-121-....How does this work for a multi-family?

Welcome to BP - would love to connect - have you joined any of the Austin area investing groups and/or realtor groups?!

They probably had to come up with money to cover a lien claim or such, resulting in the charge. 

How does the capital stack look on most of these? 

My tax person says I can deduct a % of the repairs I've done based on the SQ Footage of the basement unit.

The property was listed for $300,000 and the property taxes are roughly $1,000.

Is there anything I can do in the run up until the purchase to be prepared for doing a bonus depreciation or cost segregation report etc....?

Hi everyone, Wanted to see if anyone had insight into the the Knoxville market.