So the actual tax bill is going to be impossible to predict without looking at the individual owners' personal tax situation.How much of a gain do you think you made on your first flip?

If you had managed to purchase in those areas back then, your cash-on-cash return might look quite different today, especially with rental demand still holding strong.

@Lolo DruffWhen investing in properties, I aim to balance high cash flow with appreciation potential in affordable, stable markets with strong rental demand.

If a claim is filed and the property is owned through an LLC the individual members are less likely to be named in the complaint and that above all else keeps the members name out of the docket.

Memphis has a steady, growing economy, and there’s always demand for rentals, which makes it a great long-term bet.

If the former, note per Union City Rent Stabilization ordinance (https://ecode360.com/15397000 is a slightly outdated version), "the terms of this chapter apply to individual dwelling units within a building, including condominium or cooperative units in the process of being converted, or having been converted".

We are living in the Golden era of wine right now - never before has there been so much good inexpensive wines - but like golf there's just not enough users to demand all the supply. 

Reach out to each individual syndicator that you like to discuss your questions.

There are always some self-righteous individuals who try to appear as very professional figures in this community. 

Consider if refinancing after increasing rents could work, and whether MTR/STR demand is strong enough to sustain long-term profitability.Keep as LTR with Minimal Cash Flow: While this avoids a cash outlay, being cash flow negative or barely breaking even isn’t sustainable long-term.