@James BrandI recommend finding an accountant who specializes in real estate taxation and tax planning.

A completely paid off property purchased at a 6-7 cap, and appreciating at 3% per year long-term is a 9-10% return with very little tax.

We have been able to rent it out with zero vacancies for $3,300 month, with the mortgage, property taxes, insurance and other expenses totaling ~$2,900.

the fee is probably tax deductible as a business expense.Let us know the outcome!

And told her I was building there and really keen on that city so she bought one.. one of my better recommendations and referrals :)  you need to make bank in SC to afford the prop tax's in Charleston though.

However in my area which truly is horrible, about 75% of tenants go through about 4 - 5 jobs a year, own NO assets and dont pay taxes or care about things like garnishments or judgements.

In order to defer all of the tax you must purchase at least as much as your net sale, and use all of the proceeds in your exchange.

In short, getting the place restored was akin to remediating damage from a natural disaster.In the trash and belongings abandoned by the tenant, he also left the OM for his healthcare real estate endeavor, nasty-grams from the IRS about his personal taxes, and collections letters from several creditors after him.I got burned here and so did my property manager.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Will income tax be very high?