Other strategies include gifting portions of the property to reduce the taxable estate or exploring more complex options like a Qualified Opportunity Fund or a Charitable Remainder Trust to defer or minimize taxes.

Including thinking about moving your investing a little west into GA if the SC tax situation haunts you.  

Some of the properties that I have seen on Tax Sale include:1.

took down 6 walls including a load bearing wall. 

The client will be solely responsible for capital gains taxes, including depreciation recapture, regardless of the agreement to share proceeds.

You must must disclose to the seller everything including that you are selling it to someone else and how much money you are selling it to that end buyer.

Build a strong team, including agents, lenders, and property managers, and use tools like the BiggerPockets calculator to analyze deals.

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

I have spreadsheets filled with material lists for every phase of the build that includes pricing for materials as well as labor, and sources that I use for them.

Be firm but fair, and don’t hesitate to ask about what’s included—like prep work and trim.