Some will say that if this is your first, you don't have to comply because there is a de minimis exception. 

Then I use the proceeds as 5 separate down payments of $200K for properties B,C,D,E, and F respectively. 

Like @Jorge De Jesus stated "Pick a list: FSBO Tax Delinquent NOD Probate NOO Etc...Pick a method to find them: Online Drive for dollars Door knocking List source Referral PPC Etc...".

It is situated in a B neighborhood on a cul de sac located about 1 mile away from a train station to NYC and half a mile to the main street. 

It is situated in a B neighborhood on a cul de sac located about 1 mile away from a train station to NYC and half a mile to the main street.

@Jorge De Jesus thanks for the advice.

Well basically i put 90k into a property and I’m selling it for 175k. I’ve had it for 16 months and think it will get appraised for 190-200k. Am i able to cash out refi and pull 80% equity out and keep it or should i ...

Hey fellow BP members,I have this question that have been nagging me.I understand that the best practice is register the entity in the State that you are buying the property in rather than go through some method advised online where you form the entity in popular States like Nevada, Wyoming or Delaware etc..

@Jorge De Jesus I will echo @Juan Vargas comments.

Any expense under 2500 dollars can be deducted this year and does not need to be depreciated at all under the de minimus rules.