If the property was solely your principal residence for every year you owned it, you do not have to pay tax on the gain.

I spoke with a local accountant and was informed that HML is not considered "business of lending" as a sole proprietor. 

We invest solely in multifamily. 

I am not going through old shoe boxes, but in looking at the online transactions for the past two years, I noticed everyone but me were current in HOA payments.  

The relationship aspect is important because you can learn someone's character, watch them do deals, and decide if you want to get involved.Be wary of making your investment decisions based solely on projected returns.

Story is too long to post here but the plumbers' insurance had to pay to tear out and reinstall approx. 650 sq. ft of hardwoods, plus base and shoe mold. 

An assistant can focus solely on my properties rather than get distracted by being in charge of 50 other investors’ properties.3.

Enter through the front into the enclosed porch where you could kick off your wet boots and shoes because there is brand new carpet in the bright, freshly painted living room.

Nevertheless, my parents have a home and as my mom as passed, my dad is the sole title/deed holder.  

However, only one of those attorneys specializes solely in real estate, and he's the one who suggested the LLP strategy.