So for these exchanges the rule of thumb is to trade up in value, not down, to avoid getting taxed on boot.Now having said that, the IRS has lost some court cases where a refinance was unrelated to the exchange itself.

In return, you will give a $500 referral fee for that information if you close on the deal.People would have paid at least $199 for a weekend seminar and lost 2 days of their life for that 30seconds of valuable information.  

Is it lost? 

This is where I get a little lost, because I don't like surprises.

We'd like to sell the lost off for profit or develop them ourself and built new homes on them. 

I hear people say make a LLC, then I hear personal is better, and I am quite lost as to which would benefit me as a Canadian the best!

How much are you asking for rent per month x that by 12, that's already how much you've lost. 

You're going to have rehab costs, lost rent during the sales period, closing costs, etc, etc.But in terms of calculating net worth for a personal financial statement, its a simple calc of how much do you owe and how much would it appraise for?

Looking back...I personally would have followed #3.I have learned my lessons...made some money, lost some money, made some back...but in my opinion...partnering from the get-go with the right person would have been a preferable route for me.Just my 2 cents....I still love the fact that you have this community to learn from! 

I used my fitness pal and have lost 30 lbs to date!