I suggest selling and avoiding the capital gain tax under section 121 so your friend can start fresh.

They pay 30 billion a year in other taxes.  

It's only natural to pass these costs on to the consumerSome costs used to be hidden from the borrowers and baked into the interest you pay.

Taxes are SUPER inflated.

We do not represent them.And I can tell you, in almost every case we have an unrepresented buyer on my listing....I make more, the seller makes more....and the buyer is probably paying more than they would need to, and waiving things, or agreeing to contract terms that they have zero idea what they mean or is customary.As an example, almost every unrepresented buyer on my listings ends up paying 100% of the transfer and recordation taxes, when customarily those are split 50%/50% between buyer and seller.

You still would need to pay all the taxes and set things up completely with the town just like any STR. 

The problem Im facing is that my job doesn't pay much.

Why Louisville and Southern Indiana are Becoming the Hottest Spots for Investment in 2024If you’ve been paying attention to the real estate market lately, you might have noticed that Louisville and Southern Indiana are experiencing a bit of a boom.

I'll save the premium and know I have the money in case something happens, instead of paying the premium and hoping insurance comes through. 

Owner inherited the property, terrible previous property manager who was taking advantage of her, she stated she would be unable to afford the property taxes.