We also have some buildings that are single family conversions not built with seperate utilities. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I here in the Netherlands Rotterdam working on renovating a 3 unit building

Our avg monthly expenses with reserves is around $1500 (mortgage, taxes, insurance, utilities, reserves ect).  

It's a tax on the gain.How is this calculated?

I think most people have no idea about theses products.In these times of tight inventory, I've been promoting for years that buyers should consider these types of renovation loans, or to buy new builds.

I'm looking at doing JV.I own 10 acres and would like to partner with someone to build a SFH and split the profits.That sounds like a great opportunity! 

I let both of those properties just go for tax's I tired of the BS..

That had even a passing resemblance to tax returns or financial statements4.

*Renovation Costs – Includes labor, materials, permits, and unexpected repairs*Holding Costs — Utilities, property taxes, and financing costs during the renovation time.