Property taxes creep up, exterior repairs , and a brand new HVAC last year wiped out $11k of reserves.

Tax implications?

Tax impact, cash flow, leveraging, etc.  

--- Does the property have 2 Tax ID numbers or just one?

@Kelly Taylor who doesn’t like tax free atm withdrawals?  

If you're using Zillow or the tax district or almost any public facing website, I always question how good the comps are.   

Some people use their IRA to fund fix and flip's and keep the profit in them tax free. 

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

Sell or 1031 Exchange: If the property is no longer viable as a rental, you could sell and reinvest in a STR-friendly market through a 1031 exchange to defer capital gains taxes. 

Estate Planning and Wealth Transfer: If you're building a portfolio to pass down to your family, life insurance ensured your heirs inherit your properties without the burden of estate taxes or forced sales to cover expenses. 3.