You may want to research the term ' Debt Financed Distribution' Which does have a tax implication for the investors receiving a distribution.

Who did you use for financing? 

One other question is the financing part, have you talked to lenders on lending on this?

I flipped two my first year and made a great profit $70,000+(2021), I had zero land deals the next year (2022) I had two deals fall thru,  but used my knowledge and resources to get my family into a bigger/newer house ( using subject-to financing), sell my old house and payoff the sub-to mortgage and make $20,000 on top.  

I can help with the financing portion, but I would love to help connect you with an outstanding relator in the area.

Now, I am an economics and finance major (I find it funny saying that since it's been 30 years) but economics are ingrained in me so I am a firm believer in supply and demand economics.  

How did you finance this deal?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

My advice before buying is get all your finances in order and credit score too.

I’d need to see what rents are and how financing would work for that.