Subtract expenses from rent.Rent - expenses = cashflowBased on your numbers $2100 - $1616 ($3232/2) = $484You are likely missing several expenses, but this should help.

WilliamNot sure if this is a real post or just something to get everybody going.

I would hire a local closing attorney to take a look at your transaction and guide you from this point forward.

I started working back in summer 2018 and was very interested in real estate investing.

What would you recommend as the best strategy for accounting for this situation as we file taxes for the 2023 tax year.

Apparently double taxation is one of the biggest hurdles for cross border investing.I would really appreciate some sound advice about this, and if anyone knows someone who specializes in US-CAN cross border tax laws, please let me know.A big big thanks in advance.

Hi Everyone,This is my first post!

Hello, I am a little late contributing to this thread.

This is truthfully the most overlooked aspect of most investors business.

This strategy would allow you to defer some of the capital gains taxes on the sale of the trailer while also enabling you to pull out some cash for your new business or invest in the six-acre lot.