Hi everybody.I have a question on the tax/legal side here.Does an LLC created in the United States under the law of the U.S. and the any state, whose managers/members are foreign individuals, is subject to the FIRTPA withholding when selling a U.S. real estate property ?

Factor in all your expenses such as property taxes, insurance, repairs, maintenance, repairs and potential rents. 2.

The appreciation is around $300k so taxes will be fairly significant.

It seems like you aren't working with the best team... they could have given you better advice.That said, I would consider potentially sticking it out unless the burden of the HELOC is too much. 

Remember Each City website has a place where you can look up the tax record make sure you take a look at that before you make any decisions, It can give you insights in to the Flood zones, HPC zone, ETC.  

Most are not as good at determining the accounting and tax allocations issues. 

We took the depreciation on our personal tax return in 2022.

Far too many taxpayers draw up their tax return in their head without a real plan.

Then ask why the property tax rates for hotels on Maui hasn't increased in over two years, yet they continue to raise it for STR's as well as non-owner occupied residential properties.

Once I got an inspector in there, a lot of issues came up.Not to mention, seems like every single of their properties is priced at exactly the 1% rule - meaning negative cash flow if you factor in vacancy, taxes, and repairs.