Any depreciation and gains are taxable on sale.

The seller was in need to sell ASAP so he could move on with his life after his mother's deathI wanted to invest to gain some experience and move towards my goalsThe tenant was desperate to find a place for his family of 5 after being kicked out of his previous house by the heir of the property after the landlord's death.Both the seller and my tenant became my friends.

The seller was in need to sell ASAP so he could move on with his life after his mother's deathI wanted to invest to gain some experience and move towards my goalsThe tenant was desperate to find a place for his family of 5 after being kicked out of his previous house by the heir of the property after the landlord's death.Both the seller and my tenant became my friends.

I just purchased my first property and plan to BRRR it so it will have 20k or so worth of rehab (I plan to recoup that on the refi obviously) but how much can I really expect to gain tax wise with this property in the first year?

If you want to defer capital gain, then you would not be able to use the proceeds and roll into another property via a 1031 exchange. 

So i am looking to gain some knowledge on evictions and cash for keys in London Ontario for a potential deal i may close on, a 6 unit building.Building is in rough shape.

Seller financing allows the seller to get a lump sum now, and still get a stream of income (from your new mortgage), and it spreads out the capital gains, which is a tax WIN. 

In regards to financing deals I am still learning and attempting to gain knowledge of different ways to finance them.

HI BP Fam,Im hoping to gain some insight on the best practices in using ROI's to scale my business.

Property has been remodeled.Seller is interested in how carrying the note may impact depreciation recapture and potential capital gains.