I’d fix it up and list it to sell after I’d been there two years to take the gain tax free.

But higher tax rate in PG county. 

Investors often obsess over how to defer tax obligations and ultimately make poor investments due to being hyper focused on taxes.

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

I would recommend an STR for the best tax benefits and cash flow no doubt.

You did purchase the property in one tax year and are selling it in another tax year which satisfies one of the court rulings. 

You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.

Most people do not know this is a legitimate way to fund your real estate deals and do it in a tax advantaged way.

Plus, compared to other parts of Florida, the Panhandle is still relatively affordable, making it a great option for first-time investors or those looking to diversify their portfolio.Another huge perk is Florida’s no state income tax and landlord-friendly laws, which make it easier to manage and profit from rental properties.

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.