. $480,000 sales price, and all 8 units are rented out at $750 but could easily be raised to high 800's or even low 900's.

So this is what I want to do and then build my own systems/sales team.Any advice or experience is appreciated.

Converting the entire property to a rental later allows full deductions but eliminates primary residence tax benefits, potentially increasing capital gains taxes on sale.

Any debt on the property is paid off as part of the sale.

I just want to make sure the COGS total can be deducted in the year the sale is completed. 

Originally posted by @Tom Carmody:I’m newer to investing and came across a condo for sale in Florida which apparently is a “condo-hotel.”

@Muhammad Kashif to avoid interest related transactions:1) Buy & hold rentals - you make your money back via rental payments.2) Funding flip deals - instead of lending at an interest rate, you could lend for a percentage of the profits on the sale.

@Tyler Gilpin When you say "does pretty well", is that more of a commentary on the quality of the tenant (aka "lack of damages to your property") or the timeliness of payments (either via HUD or the tenant's portions)?

Watch out for the village requirements and make sure your team knows what areas require rental and pre-sale inspections. 

Delaware has no sales tax, so has been slow to jump on the band wagon of taxing STRs.