One guy offered schematics (no signatures or seals or MEPs just drawings to secure estimates from prospective contractors), but if I understand correctly, sounds like I need everything as this will go through all permit depts.I am also going to try to do SOME things myself if I can find a solid enough document or set of video instructions to do so... like maybe laying the tile or framing up the walls?

Whether it's hidden gems or established areas, I'm open to exploring various options.Here's where your expertise comes in:- Promising Markets: Based on your experience, which areas offer compelling opportunities for cash flow and appreciation within the $150k range?

If you mail, be sure to mail to the correct address which can be found on the instructions (first result on google if you google "form 4868")If a payment is due with any of the above, you can include a check with your mailed form, or you can pay directly through the IRS DirectPay system and select "extension" as the reasoning for the payment.

To Mike Houston that has a hidden name and no picture, I think you are a planted troll.

@Justin Sheley Were you able to get instructions on how they remove those inquiries?

Maybe, this would be considered a distribution of property from the LLC which would cause a taxable gain should the llc not have sufficient basis to take from.For #3 and for all of your questions really, there can be a lot of hidden complexities depending on your exact situation.

For a very through instruction on running numbers for a STR, Tony Robinson created this video and analyzer for newbies.Tony Robinson Analyzer

It dives deep into analyzing deals, finding hidden profits, and navigating the crucial steps of buying and managing investment properties, all the things you'll need to successfully implement strategies like BRRR and house hacking.

Read the instructions on this form from the IRS.

Who knows, you might even discover a hidden treasure trove of opportunities in the process!