@Brian Burke when you say year 2, do you mean 1 year from the time they deposited their capital?

We’ve negotiated a 20% reduction on the asking price with a 3 year leaseback option at $0 rent.My concerns and please share with the forum if you’ve researched the issue are:1.

You may always administer a rent raise if you are looking for higher income from the units. 30 day period after a year of renting, ect. 

Retirement account taxes will be deferred for another 20+ years for year, real estate its depreciated but only deferred if you do a 1031 at sale. 

I'm Ranil Fernando from Ottawa, ON, Canada, passionate about real estate investing for last 6 years.

I have 1 rental via house hack that we lived in for 2 years and slowly increased the value over the 2 years.

Set of facts:- Lived in a residential unit as a primary residence for a number of years.- Converted to rental and depreciated it for 2 years.- Sold in 2023.- Purchase price: $250k- Sale price: $350k- Depreciation: $9k => Roughly ( ($250k*.50)/27.5yrs) *2yrs)- 2023 marginal bracket: 32%What is the proper taxation?

Capital has been tight because 10 year treasuries have been hovering around 4% the past few years.

I recently purchased a property in the Warrendale neighborhood of Detroit, Michigan about a year ago.

I am about 10 years in on the property and have about 100,000 on the mortgage at 3.875%.