If you decide to sell the building and not do a 1031, you actually have to recapture the depreciation and are taxed at a higher percentage than if it had been straight-line depreciation the entire way.

I started part time and did so for a number of years, and never truly allowed myself to "expand" beyond what I knew I could handle, which is fine, but the true growth and learning comes when you decide to jump full time.  

Hello All,I am new to BiggerPockets and to Real Estate in general, and have decided to take the big leap and enter my first deal!

I can't seem to decide which contractor to hire.

I guess I am just looking for suggestions that we should either sell and start over or hold on and rent and then decide to sell later when we have more equity.Any help/feedback is greatly appreciated.Thanks,Bob

If you are not sure about it, it costs a lot of money.Definitely shop around for brokerages, Do Not decide after the first one.Good Luck

After pursuing several good buys in the last couple of months -- and losing them to more aggressive bidders, we decided to offer cash (at lower-than-asking price) for a multi-unit rental property in a small town, three hours from big cities, in another state.

She suddenly remembered wires that she had forgotten for her TV (she had 2x 5" holes cut out of the feature wall to hide her cables, without asking) so it was easier to have her reputable painter guy pop in and cover up the holes and remove her last items without me having to see her again.My fault for not just getting it done myself I suppose but she is the sort of tenant that uses Court Action in seemingly every sentence and was seen taking pictures of everything when she left and even took a picture of her notice taped to my front door so I was trying to minimize any court action by at least keeping her in the loop of all the damage so I could get her replies by text to use if she decided to challenge my return deposit amount.She did admit to the burns in the carpet (stupidly putting hot coals from the fire in a plastic home depot bucket) and argued that it wasn't cat urine but vomit as her cat had cancer (but obviously didn't think to clean them or have them professionally cleaned).  

I recently decided to leave that world, mainly because as most of you know, politics suck.

Option D: If any of them balk at the rent increase I could decide to back out of the rent increase as well by telling them I've decide to not increase the rent after all, etc.