Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

If, through the process of renovating the property, the market shifts, do you have an alternate plan for the property, whether it be to live in it until the market improves, or convert it to a rental property, etc. 

Negative CF, which is what you are describing, means you are buying your property, and making no money in the process.

Then start analyzing deals so you get comfortable with that process.

Happy to share my experience if you want to send me a PM.RyanHey Ryan, we are in the process of looking at buying a house for an STR in the beach Mountain area.

Ultimately buying real estate without down payment funds is far trickier of a process.

When in process of transferring duties to next persons, the newer persons start in the LLC, eventually take over that role, the exiting person remains on at trust, later bringing in the replacing person to that role as well.

Everything you describe though is just the normal process of how taxes are reassessed when a property is sold.  

And using the process buy a new property or properties that you also intend to hold for investment use.The issue for you might be that you purchased this property with the primary intent of selling. 

Still need to close on the property because I have already put 18K downpayment and then work with city on split process.