It’s a tax office, so I suspect they might be waiting to see how their business performs and the impact of technology before deciding.Thanks in advance for any advice or insights you can offer!

As soon as people receive their tax refund checks, they will be knocking down your door.

On top of that there was an $8,000 tax credit, as an incentive since people weren’t buying.  

Years ago we didn't require it and just recommended it to the tenant, but it's so cheap and gives our insurer something/someone to abrogate against should we have to make a claim that we don't allow it to be optional anymore. 

It will have to be a pass through/disregarded LLC to keep the tax payer the same and the 1031 valid.

Have quite a few out of state investors that we've worked with to get them great cash flow and tax savings. 

Also make sure to consider all the aspects you can including the tax differences. 

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

Before you close, can the rent from your buddy and the midterm tenant cover your mortgage, taxes, insurance, plus a bit extra?

And would this be considered "capital gains" since it's re-sold under 1-year therefore having to pay a large % of tax on the profit?