But I would be missing items necessary for taxes, etc.

Please note, I did not include the tax benefits from deprecation.

Property taxes are wild.

If not sold free and clear, the buyer will also be responsible for paying back taxes. 

Look at the potential rental income and whether it will cover your costs, including property taxes and maintenance.Taxes.

.- Public Records and Local Government Websites: Check your town or county’s property tax assessor or planning department websites.

So our cash flow was reducing during our hold due to poor ADR increase and large insurance and prop tax increases.  

Here's a framework that you should know for tax planning:The further you can push your taxes out, the smaller they become.The time value of money shows us that a dollar is worth more today than 20 years from now.Planning is used to kick the can down the road, and make sure there will be available cash to pay the tax!

I ended up spending HOURS building a tax estimate spreadsheet.

I acquired it in 2022 so this is the first time I'm filing taxes on it.