Depreciation increases your gain and so the tax when you sell.Welcome to the wild wild world of IRS pretend :)

I've done a bit of work on the attached spreadsheet and I'm looking for someone more experienced than me to maybe look it over and tell me if  I missed anything or made some wild assumptions or the model is just plain wrong.  

But I lived the life of a real estate agent since 18.. ups downs sideways  disasters like the GFC.. but all in all its been a wild ride.

Exact rules and fees differ wildly from state to state.Attorneys often suggest that the legal protection of "foreign" LLCs is weaker than that of "native" LLCs - which also depends on the state and should be discussed with an attorney familiar with the state law.As to taxes, some states do have state taxation for businesses, and others don't.

They’re doing ok)I know nothing of this guy's success or lack thereof, but my first thought is that I wouldn't take business advice from someone claiming to be wildly successful but who buys expensive cars on credit.

There's a lot of forum posts out there in the wild that would suggest it's not just as easy as applying before 7 years and after 2.

They meet the first Tuesday of each Month at the Buffalo Wild Wings in Broken Arrow. 

It is a wild world down here. 

As most of you know, the Nashville market is wildly different than southern TN, so this would give a different perspective on different deals.What are your thoughts?

I have a short term rental in a resort community (Wild Dunes) in Isle of Palms, SC (20 minutes from Charleston, SC) that IS a cash cow.