Hey Ralph,Typically if you sell a property or any asset for a gain within 12 months, you pay capital gains tax at your tax rate. 

., income - expenses).Individual foreign investors pay income tax at graduated rates up to almost 40%.

@Joval MathaiI recommend finding a tax strategist that specializes in real estate taxation and STRs.

So, you signed up to double taxation of yourself, including the 15.6% self-employment tax. 

Generally speaking, the distributions from a traditional 401(k) account are all subject to taxation versus a ROTH account which has some tax-free distributions. 

Since you can't do anything with your deal to make it better and your only choice is whether to sell or not, you are more prone to trigger those taxable events under duress as opposed to the more planned taxation or more likely the deferral thereof with real estate.

Now that sucks (double taxation), is there any other way to min. being taxed back and forth?

And another attorney is saying that we do not have to pay the transfer tax at all using the land trust strategy. 

Another thing to think about is the change in property taxation.

It really depends on what you prefer, some prefer crypto currency (not me), I prefer private lending / mortgage notes and structured it in a way where there is no ordinary income taxation on it, so it is treated as a qualified dividends.You can invest in anything / any type of business, it really is based on what YOU want to invest in.