I would like to know if I can levy this bill to the tenants.

With a portfolio value of approximately ~$715,000 subtract fees (5% commissions + 1.5% closing/exchange costs + 1.5% excise tax) minus your loan amount provides approximately $500,000 cash available to reinvest.The next PROSPECTIVE PROPERTY ACQUISITION COMPARISON CHART shows apartment complexes in varying market types and the projected year 1 returns to serve as illustrations using actual opportunities available today in the market place.

@Derek Levi 100% agree with Bill.

But if that doesn't sound enticing Levi, I hear Alaska is lovely this time of year...

When I lived in New Orleans in 1973 it was said that the money that should have been used to update the levies and the pumps was spent on "other" things.

Pro tip: A great first excise before you dedicate time and energy learning this new craft is to go to the sheriff auction at the court house in oklahoma city.

I know that the FONCE exemption for the excise tax is only available for buildings with 4 or fewer units so we would be subject to this hefty tax if we own in an LLC.

I would have them pay a deposit and another months rent maybe a rent levy not worth the hassle in my opinion 

Purchase $135,000Rehab-$40,000ARV-$250,000Net After Closing costs(excise tax, title insurance, escrow fees and 2.5% to a realtor)--- $63,000Time line would be 3 months to get the remodel done and hopfully sell in march. $250,000 would be absolute dollar in this neighborhood, but since there is no houses for sale that are fixed up, i think it would sell quick.2.

Originally posted by @Levi T.