There are 4 key dates:year 5 -- 10% step up in basisyear 7 -- add'l 5% step up in basis12/31/26 -- recognition of adj. capital gains as gross incomeyear 10+ -- basis = the price you sell it at

By the way, semi-turnkey, with this company means you buy the property with cah and basically use the BRRR method, but they have the team, so that's what you're paying for, their team and expertise.

And if they don't, then it is unlikely that THEIR insurance will step up.

Let me show you what I mean.I analyze properties in multiple steps. 

This sounds like the BRRRR method.

They do both pre-foreclosure sales (typically on the courthouse steps) and bank owned sales (typically online auctions).

I heard about this method after listening to Rod Khleif's podcast episode # 209.

I'm an Ex-NFL athlete (currently a Free Agent) that's looking for the next step after my football career and I think REI will be the perfect fit.  

@Jermaine Riggs   Remember the 6PsPrior Planning Prevents P*ssPoor Performance There are steps that you can be taking today that will better ensure you will be able to qualify for the best of terms on your purchase in TX.1. have a Mortgage Broker run a Tri-Merged MORTGAGE credit report and pay the extra $15 for them to also run the "What If" score increase simulator to know how best to pay down debt in the interim2. start eating MREs and saving like a maniac until you close as the more money you can show in reserves Post-Closing, the better the programs you can qualify for.etc,etc,etc,   

Account ClosedIf you and your colleagues have a tenants in common agreement in place and you and your colleagues own the property in both of your names - you and your colleague should be entitled to report each person's share of income and expenses on your individual tax return instead of filing a form 1065.There are some benefits with this method such as not having to file a partnership return which can cost $$Furthermore - you don't have to wait for the partnership return to be completed before you can complete your individual return.The only possible downside is that you may have to calculate depreciation separately.$1600 a year for a partnership return - I hope that didn't wipe out all your cash-flow!