Read carefully, research, and recognize that it may not be for you.And often you can't get inside, even if no one is living there, because the bank hasn't handed the property over to a property manager (assuming it is occupied).  

If you sell one of those widgets the following week, you recognize $100 of cost because each widget has $100 of cost allocated to it.  

I don't see last names sometimes, but I know about when they were accepted and I can go to that page, or close, otherwise you need to search from the beginning until you recognize the picture.

It is not a contract recognized in fannie mae, freddie mac, FHA, VA or any other underwriting guideline I know of or have seen.

Here is the IRC(a) General ruleNo gain or loss shall be recognized on a transfer of property from an individual to (or in trust for the benefit of)—(1) a spouse, or(2) a former spouse, but only if the transfer is incident to the divorce.

If what you say is true, LLC's would be pretty much useless and discredited instead of recognized in all 50 states.A property manager does NOT shield the OWNER of the property.

If you develop say 4 or 5 homes per year in a 30 home subdivision each year it currently it could mean 6-8 years before recognizing income.

I recognized the number as the crazy seller.

The S-corp in question owns a 94 unit complex, 2 homes, and 3 condos.The rule is that BIG Tax is calculated on the lesser of the amount of the recognized built in gain or the corporation’s taxable income if the S corporation was a C corporation.

While I too agree with the dress issue, I recognize that the world is changing and that some of us "old timers" are often too rigid in that what works for us is the only way to go.It is nice to hear from someone that in the years to come we might be recognizing as someone who was ahead of the curve in trends.That being said, I have one problem with your posts.