The tax paid from your lending proceeds should be the equivalent of your tax rate I would think.

The IRS has a guide on rental income and deductions that might help: IRS Rental Property Tax Guide.2.

Did this go to auction or a tax sale?

And, factor in the depreciation and other tax benefits, deductions, home office, vehicle expenses, etc. 

How SB-423 Accelerates Coastal Development: // Faster Permitting ·For projects with 150 units or fewer: - Eligibility Review deadline: 60 days from submittal - Approval deadline, including Design Review: 90 days from submittal · For projects with more than 150 units: - Eligibility Review deadline: 90 days from submittal - Approval deadline, including Design Review: 180 days from submittal · No public hearings or environmental impact reports for qualifying projects // Smarter Development Rules · Excludes high-risk areas, like those prone to sea-level rise · Ensures projects meet affordability and public investment requirements // More Housing, Less Uncertainty · Projects stay approved if at least 50% of units are affordable and include public investment beyond tax credits · Opens up new opportunities in previously restricted areas · Clearer guidelines help developers plan with confidence

Lessee is responsible for all STR taxes.

These logs regularly end up in the Tax Court and are usually destroyed upon review.

Since making a career switch to real estate, I've been involved in numerous studies adding my expertise in statistics and housing policy with NAR, HUD, Fannie Mae, Freddie Mac.

What structure would be recommended for holding personal assets and investment properties, including rentals, to optimize anonymity, asset protection, and tax benefits?

I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!