I wanted to try the coveted BRRRR strategy on a property bought purely as an investment.

Pure gold!!!

I am not familiar with SC laws to know if they also have an entity level tax or whether their partnerships and LLCs are purely pass-through. 

Keep in mind I don't keep the majority of my deals so this is pure rhetoric.

I usually get all my money back in a year or so and everything after that is pure profit! 

To me the "surprise negotiating fee" is pure BS.  

Now as to whether you should sell or not this year, it is a purely mathematical one.

Pure magic, because she understood tax laws for the current year, along with regs and rules concerning income and gains, according to the illegal entity called the IRS.

Joe, how did you decide on Indy as one of the out of state locations to invest (was it purely the numbers, did you have a lead on a solid property management company there, did you know that area, etc)?

Some are pure debt deals and the payment of the stated interest rate is paid regularly, some are equity deals with preferred interest and an equity kicker at the end.