My best performing STR is right by the Phoenix airport.

Lender C said I would not be able to close it with a fresh new LLC because that LLC wouldn’t have had any performance to show or tax returns to present during underwriting, and the way that most of her borrowers go is to close with their name first and within an hour of the closing, create the LLC with the help of an attorney and transfer title right away (not sure if this is even possible!).

So if we sell the house with the above #s still in play, our approx. gain is $475,000 and we decide to perform a 1031 and the new property costs $475,000, what will we be paying in taxes.

Ignores financing since that can skew ROI.to calculate cap rate: take the net profit for the year (ignore financing costs like mortgage payments), divide that by price of the property.if a rental makes 6k and cost 100k, cap rate is 6%.its useful because a $1m property making only 6k per year would be a low performing asset, while a 100k house is doing fine.

Sale price: $380,000 QUALIFIED OPPORTUNITY ZONE PROJECT: We are currently under construction on this duplex (that is under contract) that will perform some great cash flow numbers in an appreciating area of Kissimmee, FL.

This was a good exercise in finding CORRECT info on the property and learning how the tax calculations are performed.

While they often overlap, they're not mutually exclusive.While we've performed both in the Grand Rapids area, we lean heavily on sources we can pull automatically rather than having to manually drive as it saves time.

We work with some banks that require a 12 month seasoning period, meaning that the property has been rented and performing for the last 12 months. 

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

lol  @Matthew Stallings and @Tim Schroeder As far as performance, we purchased one of my larger houses for $565K.