The "boot" (cash or non-like-kind property you received, which is $190k in this case) is taxable.

Avoid anything that makes you look like a difficult seller, such as showing restrictions, or other conditions.The purpose of the remarks is to make people want to view the property.

I always need to be busy so the "extra layers" that asset has is interesting to me and the value I can create is amazing.I like to keep busy if you can't tell.

(there was a tiny set of stairs also)The developer told me there was also an alleyway down the side of the building that could most likely fit a wheelchair and had direct access to the condo, so it's possible that would satisfy the ADA and they could remove the ramp on the inside of the unit.I have never dealt with a property like this before, so I'm wondering, who do I talk to to make sure this unit will be ADA compliant? 

My pleasure Sara,None with Drew.I don't like him that much lolJokes, I'm a fellow property manager and was fortunate enough to meet and speak with him about property management, etc...He created an incredible operation and I look to him for guidance with my own company.Thanks and much success

So far, we have shortlisted Columbus, Orlando, Indiana, Vegas and Rochester.we live in Toronto and we really would like to connect with people like us who already started their journey to know about their experiences and insights of investing in the US! 

Or even north Santa Barbara County like Santa Maria or Lompoc? 

I can connect you with other investors as well.I would like to know what type or strategy of investing are you exploring.Let me know what works best for you.Cheers,Eddy

We started a local art gallery and held events like weddings and other entertainment.

Again in my limited knowledge it seems like multi-family has the better numbers but I could be wrong.