I'm really busy with my w2 job working all the time to fund my investments. 

@Brett Coultas if you're a newbie, you want to be careful of an "investor friendly" agent selling you something they truly don't understand:(95+% of agents only know how to handle owner-occupied transactions - you can verify this by asking them calculate ROI for you or Cash-On-Cash!

We specialize in joint venture transactions, collaborating with both seasoned and new investors.

Seems odd as this would be a business expense for my business.  

I'd pivot the condo to a SFR in the Boston-area, but really analyze if your vacancy is prompting you to transact, then are you really fit to invest?

When you learn to partner with professionals who are well-versed in this segment, most distressed property transactions are quite straightforward.Myth 5: Distressed Properties Are Not Obtainable with FinancingThere is this perception that distressed properties are cash-type deals.

I'm working on my first transaction.... we shall see.  

Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.

I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.

Roberto, was the transaction successful?