Both of these homes can produce nearly $9000 per month in gross rents within 5-9 years.

Hi @Tyler Williams, you can perform cost segregation studies on residential income-producing real estate.

Low-income renters that already have a hard time finding affordable housing.I just purchased a storage facility and the more I look at it, the more I realize it's easier to manage and produces a much better return than residential rentals.

@Whitney Hutten thank you!

From an energy prospective Middlefield, OH isn't going to produce as much electricity compared to say Phoenix, AZ.

@Whitney HuttenThank you for your feedback.I do have a realtor representing me.

@Whitney HuttenThanks Whitney for the advice!

Same for extensions.Basically, your monetary harm from this situation should not be an issue, as long as your tax return is ultimately produced by the CPA and filed.

Then you are left with a bunch of income producing properties and you lost half of your biggest deduction - depreciation.

I have been weighing both options back and forth, and I think I should keep contributing and work on producing alternate funding strategies to being invested into real estate deals.