If you sell at an actual profit, yes there will be tax.  

So, you didn't actually close with them?

i'm considering trying to invest in CT at some point (I used to live there, I own a property there and have part of a business network, and I have family there) and just out of curiosity, I actually looked at new housing starts in CT vs.

So, just so I’m understanding correctly, unless the ADU has a driveway for parking of its own, then rent rates might go down on the actual house bc, essentially, the property land is being shared by different parties?

That was right up until we started purchasing rentals.We have an LLC so we actually pay $400 per year for our LLC to file and then another $150 for us to have our personal taxes done. 

It's easy to cheerlead and harder to actually DO the work.

I'd love to see some actual numbers for flipper's careers, and the formulas for expected returns if flippers are willing to share them.

I actually met with the agent directly as it was his childhood home, and he wanted to know who was going to buy it.

Well you'd actually be netting more in the long run by doing so compared to putting it towards the home. 

Thanks to COVID, for a couple of years, you can actually make enough money to be cash flow positive even if you hire a property manager AND have mortgage payments.