Property taxes are high in NB, but there is still money to be made.

Some major pending (and potentially retroactive) tax law changes made it through the house. 

See if you can require the tenant(s) to have an additional liability insurance for having an animal in the home, maybe?

Tax: If you have a single member LLC, you will still be filing it as part of your 1040.

These deals will be more passive and you can still get the tax benefits of owning real estate, plus debt paydown and appreciation.

Thanks If dad wants to take it out, it would be taxed. you can convert it to Roth but it does not make sense as you will pay taxes on the conversion. 

What innovative strategies are real estate professionals using to minimize capital gains tax on property sales?

I am self-filing my taxes through TurboTax (extension in Texas due to ice storm) yet I can't seem to locate where or how I would apply the cost segregation numbers to maximize the tax advantages.  

I often point out to the seller 2 facts. 1st, if they hold a note instead of a lease, they have zero liability vs the lease where they are still bound by tenant/landlord laws. 2nd, they can always sell the note to a note buyer if they ever want a chunk of cash in the future. 

Comal....the property tax has gotten crazy there.I just show with a single check.