It would be nice to cashflow that much with no money out of pocket, but everyone has their own strategy and circumstances. 

Im not in Maryland, but shoot me a message if you have any questions or want to chat about some strategies

., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

📱 Insider tips and tricks on using the highest-rated app for real estate investors to discover hidden gems.Proof It Works:Participants from past campaigns have uncovered deals they never thought possible, often within just days of implementing these strategies.

But presuming you are talking about doing the above, this is a high risk strategy.

A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.

Considerations for Long-Term Tax Strategy: If your long-term STR status is uncertain, weigh the benefits of bonus depreciation against the potential downsides of depreciation recapture and passive loss limitations.

I thought I would add onto this older post, but I'm curious if anyone has any feedback on Sherman from an MTR or STR Strategy. 

To say I am shocked is an understatement.Finally, when I sought out their tax strategy services, I specifically asked in the informational meeting if I wasn't acting a little prematurely, and if I should wait for my partner and I to be married in 2024 before making this investment, i.e. if tax strategizing would pay for itself in 2023 via significant tax refunds.

You can look into different strategies in the forums.