What are the tax ramifications of a sale, if any?

The faq page is empty.I did get a call back after a few hours.

Honestly after I did my first deal I was in a similar position as you are.

You and Him are filing one joint tax return. 

Be sure to check with your lender to confirm their specific criteria regarding the property's condition.In short, fixer-uppers can qualify for DSCR loans, but the property either needs to be producing rental income or have a plan to do so after renovations.

You're local to me.There's a couple ways to go at this ;If you're looking to save some money you can have your plumber install sub-meters after the individual meters.

Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax. S

There is a 'no seasoning' program that I utilize for the fastest BRRRR clients, but your rate will be slightly better (0.25-0.375%) if you hold out for closing on a refinance after 90 days.

However, after you get some experience, you probably want to get a Private Lender since this will allow you to keep the majority of the profits.

The PM had a plumber go to the house, incurring an after-hours emergency fee, but was unable to assess the exact cause of the issue at night, stating it's either a frozen pipe or pump issue and they need to return during the daytime to fully address.