Seasonally, Q4 is usually a high point but this average is $13 less than in Q4 of 2022 showing leveling off of the market.

And he is a high-integrity individual with a great team. 

Therefore the property types that are the most favorable to generate bonus depreciation will be those with a high degree of what the tax code refers to as "land improvements".

I could sell these assets today and BOAST of a high IRR and equity multiple not to mention receive about $1M in GP promote for doing so. 

Even if you make mistakes, you have a consistent stream of income to regain the capital and start again.If you have high risk tolerant and a positive outlook on becoming an agent, your plan sounds really good.

Selling now means you could miss out on potential future gains.Market conditions: If the market is currently down, you might not get as much for the property as you would in a stronger market.Option 2: Get a Loan to Fix the BasementPros:Increase property value: Renovating the basement can add significant value to your property, both in terms of rental income and resale value.Higher rental income: With the basement fixed, you can charge market value rent, which could help cover the mortgage, property taxes, and the cost of the loan, with the profit potential.Tax deductions: The cost of renovations can often be deducted from your taxes, either through depreciation or as an immediate expense, depending on the nature of the renovation.Cons:Additional debt: Taking out a loan adds another layer of financial obligation and risk, especially if the increased rent doesn't cover the loan payments.Renovation risks: Renovations can sometimes uncover more issues that need fixing, leading to cost overruns and delays.Market risks: There's no guarantee that the market rent will remain high or that you will find tenants willing to pay the increased rent.Additional Considerations:Current Market Analysis: Understanding the current real estate market in your area is crucial.

In general there's a very high demand for rental properties up here, especially in the Matsu Valley, where we live. 

@Rod Oliver I’m highly interested in Kernville as well, planned on starting over there in the next few months.

This allows our group to be protected from the high interest-rate volatility that is prevalent right now.  

Mentoring is highly appreciated.