I am planning on selling the property i own with my LLC and doing a 1031 to purchase another property.

Hi - Getting very close to completing my new build construction and had 2 questions around De Minimus Safe Harbor rules/accounting1)  For appliances that I purchase BEFORE official "available to rent" date.

Will a property you purchase for $415k cash flow with a tenant paying $3,000?

I see that many of the places in Sevierville were purchased in 2022, listed 2023, sitting for 100+ days.

Let me here what you would do with the scenario.Purchase Price:40KRehab: 40KTotal Loan From Lender after Rehab: 80KARV: 130KFair Market Rent: 1,200 Mo.If this was your very first purchase, with a goal of wanting to scale, and build a portfolio based around LTR, and Fix and Flips.

and when you come back sell a house and 1031 into multiple purchases because the loan will have been paid so low that your equity will be large.  

This entails furnishing bank statements reflecting ample cash reserves to cover the property purchase and potential rehabilitation costs to get the project started.

Unless the seller you purchased from kept meticulous records, I agree that you should err on the side of caution, because if this does go to court your damages can far exceed the amount of the deposit.

Supply is so tight, they need temp space that will give them time find and close on their purchase.

I'm looking to purchase an off-market home in my neighborhood and ran into a hurdle that I might not be able to overcome...For context my elderly neighbor who I've been friends with for the last couple of years recently passed away.