While qualifying as a real estate professional for tax purposes is possible, there are many pitfalls.

Lastly, are there timing or setup pitfalls we should watch out for with DSTs?

I'm currently trying to sell a triplex in Chattanooga and am realizing that a triplex is not as common as I might've thought to a traditional buyer.

There are so many legal and ethical pitfalls that you have to navigate, and even more challenging is to proactively avoid those issues rather than have to react as they land in your lap. 

By following this principle, I have been able to avoid common pitfalls and make sound investment choices.Let's go!

Same goes for furnaces and water heaters—create a small common mechanical room for future code compliance.5.

Pitfalls—What should we watch out for (transfer taxes, reassessments, lender issues)?

Making these connections early can help you avoid costly pitfalls and give you peace of mind as your portfolio expands.Wishing you success.Disclaimer: This message is for informational and educational purposes only and should not be considered legal, tax, financial, or investment advice.

We want to create an affordable SRO-style housing product with common facilities and meal plans included in monthly charges.

It is not very common to see syndication deals with 1031 money allowed.