I am also an investor in Ocala and Levy County.

Thanks @Levi T.

.$5.00 x 25 cars x 250 federal holidays = 31250now I'm not sure of how much of a percentage to calculate for vacancy or expenses so I'm going to just guess at numbers and hopefully all of you can help me with the reality of these numbers.vacancy 10% = 3125, expenses 10% = 3125 so in my example31250-3125-3125 = 25000now in many areas there is a tax levied on parking lots, I do not see one in Tacoma where I am looking other then B&O taxand then there can be sale tax in Washington on parking based depending on the length of term and if you have assigned parking.So in my mock example there is a sales tax of 10% or 2500 for a total remaining profit of 225002A.

The state can also levy fines and penalties for not getting the authorization.Although you can do business in Michigan using a foreign NJ LLC, if you got into trouble in Michigan and were sued, you would have at risk the entire assets within the foreign LLC if insurance proceeds weren't sufficient. 

@Levi Kruse I love, love @Michael Hayworth response.

There should be a standard tax levy rate for Lubbock Co.

@MELANIE FELICIANO I’d recommend Levi from the Short Term Shop, but this specific property was an off-market deal.

State of Washinton has what they call an excise tax  which is 1.5 to 2.3 % of the sales price that needs to be paid to transfer a title this is customary for seller to pay.. so when you figure median home price in the Vancouver market is probably close to 500kand SEattle well over a million  thats 7500.00 to 25,000 and more paid to the state .. if you dont pay it you can record the deed and transfer title. but you have no state income tax in WA so these things tend to all balance out..   

Hi @Levi Backman, the main difference is the rehab part of the acronym.Traditional buy and holds need minimal work at the beginning to get them to rent-ready condition.

Basically, I want to build something that would go on Levi Kelly’s youtube channel.