Thanks in advance!

I want to make sure I'm not overlooking any potential risks or unusual requests in this counter offer.Thank you in advance for your help!

Tax reported as 12/31, if you need to find out the current month basis you need to see your Balance Sheet.Tax return e.o.y shows on Schedule L

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Hey @Laura Sawicki, I second @John Underwood's comment about getting the actual Schedule E from the owners to validate all revenue that was reported to the IRS.No way I would rely on just a report they provided.

Thanks in advance for your help!

You can reach out to them on Airbnb/VRBO, a lot of cleaners do that to us by sending messages on their platforms, however if they report you they make kick you off. 

Thanks in advance!

Thus, the "Other Costs" increase significantly if a person were to sell their property in the chosen year.Just fill in everything, including the Advanced Inputs (you'll need to change default 30 year mortgage term to 180 months for your 15 year mortgage)Transfer costs will depend on your state and local municipality.Tax on rental profit will be your current or projected personal tax rate.THIS CALCULATOR IS PRETTY THOROUGH! 

You'll get taxed on the $200k, if you just buy the property for $300k you aren't reporting an absolute ton of income.