Quote:
Originally Posted by Scuba Steve
What about taxes though? If a rental appreciated by for example, $200K while you owned it and then you sell wouldn't the $200K count towards your income?
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My best friends' mom has easily made a few million "tax free" due to LEGAL ways around this (living in them for a couple of years prior to sale, etc.) in FL, CA, and AZ over the years. It's still "hard work", and I wouldn't take 5 million for the stress she went through when the bottom fell out (as it SURELY will again imo). Yep...different strokes
