It would be far simpler to put the $500,000 in a bank account owned by the LLC and you immediately own a fixed percent.

That affects your loan amount and then principal & interest payment.2) Estimate rents based on recent rental comps3) Account for all operating expenses such as property taxes, insurance, repairs & maintenance (landscaping, snow removal, cleaning etc), property management (if applicable), vacancy, utilities (what does the tenant pay vs what you would pay?)

Rent growth has been flat over the last year so you need to account for flat rents near term.

Definitely a question for a tax attorney/accountant, especially with the dollar amounts involved. 

The contractors who do work for me have zero issues with me sourcing the material if disclosed up front and not holding them accountable for any material issues.  

@Account Closed would you have updates now that its been 7 months, what's your experience of being in Pace's program?

Meaning they went into a standalone bank account (not mixed with your other personal funds). 

Can you set up an account and post a rental directly on Zillow if you are not a realtor? 

Well, not so fast.For every successful flip, there is an account of some nightmare project that sucked the bank account of someone dry.

You may be required to make estimated tax payments when the property sells.It depends on what your 2024 total taxes due were and 2025 estimated total taxes / withholding / estimated payments are.If you pay in atleast 90% of the current year tax or 100% / 110%(Depending on 2024 income), you are normally considered good.You may want to consult with an accountant for more clarification.