I did much of the rehab along with my employees and my team of subcontractors in Stockton.

He is definitely more conservative In my experience, former IRS employees are often poor tax advisors due to their brainwashing while working for Uncle Sam.

@Josh MyrickYou technically can but if you start the non profit typically you cannot be an employee or make $ from it, and profits should be reinvested in more housing.If your goal was to profit in any way, the answer is no

I spoke to the employee for the sales details already but I would to see the books too.

The $15,000 might seem steep but when you calculate sales commissions to employees, closing commission to deal coordinator, administrative fees, marketing and the "opportunity cost" off not selling another property we own, we actually don’t make anything)Those are pretty much the options at hand."

If you’re looking g for a great QI for the 1031, @Dave Foster is the best in the biz.

for the FWIW file and congrats on selling your bizz thats a nice payday.most of the folks I have done bizz with over the years that are very liquid will buy as high end of rentals as they can  IE A class and put professional management in there. many states require on site manager over a certain amount of units as well.. so the PM is really managing this employee that is mandatory for you to have.. this could work well for you you manage the on site manager let them do the dirty work and you stay engaged and gives you something to do.. good luck with it..

Hire my first full-time employee in Q2. 

While it may seem like a high fee you'd be hard placed to replace those services with a paid employee and do better than you're paying now.My problem with the deal is the $5,000 setup fee.

My employer offers health care coverage but employees have to pay 100% of the premiums.