Whether it be getting approved, finding tenants, cash-flowing positively, retaining tenants long-term, etc; Id love to hear some of the more challenging aspects of the process & things you’d do differently if you had to go back!

There are ways to avoid part of that.

However to avoid it becoming to complicated or even a becoming considered a security I would not guarantee to pay down the principle, I would just do that personally so it doesn't balloon and if it did there wouldn't be much needed.Always with my best,Christopher Richardson

The info on the 3 year mark to avoid cap gains taxes is really helpful info too!

If you need more detail here it is:Benefits:A) Temporary deferral(possible reduction)of inclusion in gross income for capital gains reinvested in a Qualified Opportunity Fund (QO Fund)■ Held for 5 years - 10% of capital gain is avoided■ Held for 7 years - 15% of capital gain is avoidedB) Permanent exclusion of certain capital gains from the sale or exchange of an investment in the QO Fund.Example:A sells a property and realizes a gain of $1 million on Dec. 1, 2021.

They are very nice and always pay on time but being that I live on the premises I notice how dirty they are in many aspects.

May be able to avoid capital gains taxes all together if you have the right timeline...

Would that create some of the same liability we're looking to avoid?

The guy was caught a few days later but all that could have been avoided if they had used the guidelines posted in the original comment.

I live in a large Amish Community in Southern Indiana with several different things to offer but just not sure if I should only promote a place for people to stay or widen the choices to include tours and actual time they (Tourists) could spend at Amish Farmsteads which would include learning all aspects of the Amish Lifestyle.