@Tyler Speelman, A 1031 exchange solves the tax issue. 

We pay Lightning Docs a $500 annual fee and $500 per loan, which we charge to our borrowers at closing.

We then subtract our actual expenses, which include management fees, bank fees, appraisal costs, insurance, commissions, marketing costs, taxes, and legal and accounting fees.

The entry fee is 8% the existing loan carries an interest rate of 4.125%.

Or just pay your sister a finders fee for getting the deal?

You'll also need to show stable income for the past two years through W-2s or tax returns.Talk to 3-5 lenders to compare their rates, fees, and terms.

The units are all currently occupied right now, so we won't have to worry about the buyer's market right now haha.With the cash flow I will receive, it will be enough to take care of property taxes, insurance, and enough to save up for any emergiences with the unit that I will need to take care of, so no need to worry, I got you :)!

Hopefully you have a Checkbook IRA to avoid the red tape and fees of going through the custodian for each transaction.

Hi All, any input on renovating a house and possible tax exemptions under an LLC?

Make sure to account for property taxes, insurance, and any HOA fees, as those can vary significantly in different markets and impact your cash flow.