There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Once you start using your card for all your spending habits, all mortgages, all utilities, all expenses, groceries, travel, paying your taxes via card etc, it can quickly add up to tens of thousands of tax free dollars per year.8% cashback is pretty insane for high earners.

There’s no stipulation that the taxes can be voted to a pre-referendum.

I would use the time with current tenants to get contractors in and give me estimates on future projects I have planned for the place, then execute them once tenants move out.If there is a good contract on the tenants moving out either June 20th or July 2nd with the prior landlord, would you go forward with the June 5th closing date or move it to a different date after the current tenants leave?

So you get 57% of $400k tax free and pay tax on $172k. 

STR laws in NYC are very strict and the city wants all STRs wiped out so that hotels can profit, all bc of some tax issue.

Trying to hypothesize a future HELOC or Refinance became too far fetched with guessing on property value, future APR, taxes, etc.

Think about location, state of the property, and tax perks.

Are you interested in Short term rentals, multi family, fix and flips or do the numbers get you going like tax deeds, buying notes.I'm in Orlando and would be happy to have a call sometime and invite you to CFRI (Central Florida Realty Investors), the local chapter of the national REIA.

Can you earn more than the mortgage (net taxes on that money) ?