I have lived in my home for 10 years, now i am planning to move to bigger home and rent the present one.I understand that if I sell the home within the next 3 years, there will no be no capital gains tax, I made a profit of 200k.if i rent my home for 3k/month, I get 36k per year, my deductions will be : depreciation of 10k, mortgage interest of 10k and property tax of 10kso I am getting a net profit of 6k/year and other reductions in my gross income. how is this a good deal? 

What I'd be careful about are the types of tenants chosen and what to do if they can't pay due to the present eviction moratorium due to COVID-19.

I'm confused though on what to do next..what partnership structures should I present to them that make the most sense?

Ok, shoot me a message with your email and I’ll get you on the distro list.Next meet up is 1/19/23 at 6:30 (networking time) 7pm (presentation time) in Pensacola.

@Don Antoncich  its not the presentation of the sellers reps or anything like that .. anyone can make any product sound great.what your dealing with is an asset that most anyone with any experience would not touch. 

We have standardized on these colors as it makes turnover much easier and cheaper, and we always have this paint in stock.If a good tenant asks about changing the color, we tell them: 1) you can, but if the job isn't 100% professional, we will have to charge you to fix it at move-out time, 2) you must use one of these 2 specific colors (they have one of them already)...a few people have followed through, most people drop it when presented with those options. 

Thank you Katie Miller for providing the link to Dave Meyer's presentation, and Thank you Shawn Slaven for posting this, and everyone who provided input.

If the other realtor declines to present the offer, they are not fulfilling their fiduciary duties.  

However It’s a bad idea because it can be used as mIlItatIng evidence of discrimination based on national origin, which is a protected class, but not really In this case as you presented the facts.Can you provide a link to this story?

However, looking around at other cities and towns in northern Alabama, there seems to be some areas of interest that may present greater rental and/or flip returns than Huntsville.