If you could turn one home worth 120k into two homes worth 200k apiece (albeit with loans on them), you'll be setting yourself for more rental profits and more net worth via appreciation by being in a better area.Maybe jump down to crete where you can get some smaller homes in move condition around that 200k mark and the rents are really strong there and the better area will give you more appreciation over time.   

Once you've done that, you'll want to take your Articles of Organization from WY, your registration in FL, and your IRS SS-4 form, which is the letter you got when you got your EIN number when you first started.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $285,000

Cash invested: $40,000

purchase Price $285k
Renovation Cost $40k (on budget)
Renovation Time: 41 days
ARV...

The P/L is just that, it shows all profit, and loss (expenses.)

So that's why I'm trying to organize a joint lawsuit with everyone who has had a similar experience with them.

By leveraging our financial resources and expertise, we were able to secure the property and fund the necessary improvements, maximizing profitability.

But as to remaining profits - after those expenses and monies owed on the property are factored in, any monies distributed to you would count toward what would be taxed.  

The disadvantages in my opinion are the meeting and greeting and cleaning up after people. there is more management involved and what would happen to your profits if you hired the duty out? 

But vacancy rates doubled which wipes out your profit to the point of negative cash flow territory if you have a newer mortgage with a higher rate.The number of inquiries have gone up exponentially but the number of qualified renters have gone down exponentially.

A quick summary:   A Qualified Opportunity Fund is an investment vehicle organized as either a partnership or corporation that holds at least 90% of its assets in Qualified Opportunity Zone property.