You can bypass the 10k cap of State and local tax with house hacking.  6)You can depreciate the rental portion of the house which can wash out most of the rental income that you otherwise had to pay taxes on.You live for very less or almost free. :) Good luck 

My monthly expenses with two car payments, insurance, and various repairs and miscellaneous expenses (washes, oil changes, etc)  are about 1500/month.  

They are going to use water if they wash the floors.

Just pay the tax, wash your hands and move on, sounds like your doing well overall.But why are you selling at all, hold for ten more years and sell for 685,000.  

I had this problem with some of our duplex's and we now put a limit on when they can wash and how much.

If not, start washing everything and run it again.I used it last year on an apartment that had a smoker living in it for 30 years.

Greetings -I am considering turning my condo in DC into a corporate rental.  Are there any DC owners on this site that are doing this?  There is a cost involved which a little more than what I expected but I am more c...

I used to run by it every day and think it would be a good area to have a property, especially as that area of Wash Blvd develops more.  

@Derek Robinson you can invest in Multifamily syndications if you are an accredited investor because most of the syndicators accept only accredited investors but some do take sophisticated investors if you are not an accredited investor and you can sit and see the money being directly deposited to your account and also you can reap the benefit of cost segregation and accelerated depreciation and wash off your other passive income with paper loss in apartment investment.

This will allow you to wash rinse repeat with the Brrrr method to accumulate properties.