Your cash value grows tax-free (with proper planning), providing you with an ever-increasing resource to fund your real estate ventures!

The claim that the agent makes is also a misconception/misuse of cap rate.

There are big benefits in holding a property rather than buying a new one such as that the property taxes will be lower due to not being reassessed as they are on sale.

If you rent it out for more than 2 or 3 years and then sell it, you have to pay cap gains on the profits.I'd also run the numbers on the house to see what you'd get for rent and what all of the costs are associated with the house (property taxes, insurance, repairs, vacancy as well as mortgage payment). 

But since the rentals are on my tax returns, of course it's factored in when getting a new loan. 

For rentals not yet showing on your tax returns (like your Nevada property), many lenders will use 75% of the monthly rent to offset your PITI. 

Make sure the rental income comfortably covers your mortgage, taxes, and other expenses.

That will help you make the decision.Between your BAH and tax free 2 of 5 years primary residence you just have to breath to be a $1mm in 10 years.  

Then he started to claim he was owed money under the assignment fee, but after reading the lease the only thing that was stated if we were to get a house or if we opted out, neither of which happened, so my question is how does he think he's entitled to anything when he didnt deliver a house to us and the lease was terminated by the owner???

I have used him for over 20 years and has been great but I want to make sure he is not missing any tax benefits for STR.