Tax benefits, equity position, cash flow How did you find this deal and how did you negotiate it?

I used to use a PO box but it sat collecting dust for years so I don't bother anymore...I've had people find my personal residence by looking me up on the online tax records. 

do you mean they want you to pay some of their fee' s up front.. 

I guess you are doing a net land lease where the solar company is paying 100% of the property tax.

With real estate, some of the biggest pluses aren't seen in ROE (or ROI for that matter, at least until you sell), namely appreciation, principal paydown and depreciation as a tax write off.

I am afraid taxes will kill me this year as I used 401K for the downpayment of this primary home.Should I wait the 6 months?

@Brad Kanouse,If you take a distribution from an IRA - it will be subject to taxes and penalties.You can convert your IRA into a "Self-directed IRA" and have the IRA buy the property, in this case you are not the owner, the IRA is.

Want to pull 60000 and use 40000,including paying off lenders, for reno and apply remainder towards next property.

Beloit does house some large, well-paying corporations and lots of construction for new businesses in the business park off gateway blvd though, that have the potential to bring in larger amounts of quality tenants.

Can anyone recommend a good accountant that specializes in STR tax strategies for W2 earners?