Purchase price: $932,500 Cash invested: $450,000 20-unit building converting from LTR to fully furnished MTR/STR.

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

Purchase price: $90,000 Cash invested: $60,000 Buy and hold that I still have to this date.

As @Chris Seveney mentioned in the other thread, the qualifier for accreditation is based on 1981 prices

So I am left getting a policy with a non admitted carrier for likely 2-3x the price for less coverage.

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

For forming an LLC in Wyoming, consider these registered agents:Northwest Registered Agent – Excellent service and pricing.IncFile – Competitive pricing and solid customer support.Wyoming Registered Agent – Specializes in Wyoming LLCs.Compare their pricing and reviews to find the best fit for you.

Also a lot of the "deals" in the Subto community are highly overpriced and charging more than market price most of the time.IF you are still curious or would like to see, I am happy to connect with you, show you the Subto videos and trainings if you'd like from the courses.

But if you're comfortable with rougher areas, then you can definitely find properties at lower prices.

The digging out has priced out much lower than we thought initially, so we’re using the additional money for an overhead sewer (the only flooding we’ve had in the 13 years we’ve lived here has been sewer back up).