I am also eligible for the Section 121 exclusion for this transaction.I received two 1099-S forms from the title company: one reporting the cash proceeds (box 2 for Gross Proceeds) and the other showing no amount in box 2 but with box 4 checked, indicating the transaction involved a 1031 exchange.

Gross annual rental income is $88,140.

., and Anderson Ave.Assuming your unit's value is consistent with the average unit sale, you'd have a roughly $90,000 gross profit. 

For instance, if your property is 400k then it should gross 4k ore more per month in rents.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

After all said and done you're slashing your gross rent by 40%.

For purchases, some lenders use the projected rent on AirDNA if the occupancy score is high enough and take a 20% management expense against the gross rents so 80% of the gross rents is used to structure the loan.

I'm looking to get to my first couple of sales and I heard here is the best place to look for advice. I'm in the Providence RI area, I've been using deal machine to virtually d4d, I am trying to find the most efficien...

However the financials that have thus far been provided are just a typed out PDF of gross rents and expenses. 

On a 90 day rental even 1/2 month takes a huge percentage of gross income, so basically you need to eliminate use of brokers, MLS, etc.