There's always some rule that gets in the way (or makes it downright impossible) when it's been less than six months since your last mortgage on a given property and you want to refi; in this case it'll be that the lender on the refi will use the lesser of purchase price or appraised value, effectively meaning equity gains through home improvement will be disregarded.

Distribute the income out and purchase it personally or in a single member LLC (or in your case a husband-wife multi-member in a community property state it still is treated as disregarded).Consider also utilizing a C-corp if you are currently in a tax bracket that would make it worthwhile.You're only hope is a cost segregation study and a ton of depreciation to offset some of the gains.  

And, not to belabor the investing metaphor, but disregarding out-of-state turnkey because there are sketchy providers that try to nickle and dime people out of their returns is like refusing to invest in mutual funds because you got stuck with a non-fiduciary financial advisor who screwed you.

I am then able to immediately disregard certain areas.

Each investor will utilize the K-1 to complete his or her tax return.The return must be filed by 3/15 unless an extension is requested.If the K-1 can not be provided to each investor by 4/15 - the individuals may need to request to file an extension.LLC-Y is a single member LLC and is disregarded for tax purposes unless it elected to be taxed as a corporation.

Do you disregard the charges and just let the tenant leave to never see them again?

disregard aboveSTEP 3$500,000 listing-Typical way sellers think they must list their home:3% $15,000 Listing Agent (6 mo. listing contract)3%$15,000 Buyer Agent$30,000Tax Free Equity = approx. $45,000 of Gross Income-Better ways to list, sell and save 1% $5,000 Listing Agent 3% $15,000 Buyer Agent 2% $10,000 Seller Saves--1% $5,000 Listing Agent 3.5% $20,000 Buyer Agent1.5% $7,500 Seller Saves--1% $5,000 Listing Agent 3.5% $17,500 Buyer Agent0.5% $2,500 Credit towards Buyer's Closing Costs 1% $5,000 Seller Saves--1% $5,000 Listing Agent 4% $20,000 Buyer Agent 1% $5,000 Seller Saves--Fact: the vast majority of listings are sold by Buyer Agents who look through the MLS for listings in the area.Therefore, when Buyer Agents are searching a zip code and see that unlike all the rest, your property is offering 3.5% - 4% vs. the standard 3%, you can imagine the increased activity this can create.

If someone flagrantly disregarded known safety laws that resulted in me being injured, I would sue. 

Use this control log, to help you get your head around this project, whether you buy or build.I did this for a young guy in Croatia, just disregard the non applicable parts.Storage Startup Checklist 101Response to Zagreb, Croatia startup1Why Do Storage?

We have no vacancies, new construction is not even a factor and demand from millennials is not going to disappear either.Ultimatly the market has to reach an equillibirum between supply and demand, which can only happen with additional units, so new construction of affordable homes (not luxury) needs to ramp up and that will take years to do.I agree with your conclusion on SF that need cosmetic work, the market disregards the condition and pays more than it should, better to leverage the low interest rates and buy something that does not need remodel cash after purchase!