For tax purposes, the profit is calculated as the sale price minus the cost basis (purchase price + renovations + transaction costs).

As a multifamily specialist there, I do mainly two types of housing: affordable (DSS, Section 8, CC), and students.Binghamton University is a massive state school that's outpacing the higher-ups' expectations for growth, and has been for a few years now.

What is your purpose of having an LLC?

Nope that does not apply to business purpose financing. 

.: Quote from @Gi'angelo Bautista: @Travis Main unfortunately, there is no local REIA here.  

My business partner and I mainly just work with investors here and we work with first time investors all the time.

This sewer line runs under 2 of the other subdivided lots that were intended to have houses on them about 400' away and ties into a city main 1 block away from the houseOct 2008 - I purchase the home and everything is great, assuming all is per plan.2010 - Developer sells one of the lots that my sewer runs under to the water district for a future clean water well site. 

"My name is Torianne and I'd like to buy 123 Main St."

Using business purpose financing and brokers/lenders that specialize in these deals should smoothen things out a lot!

My main goal was just getting their verbal support so I was confident they wouldn't show up to the hearing and voice dissent.