So I was able to get a hold of the Utility and they took on the bulk of the expense so it was about $8k for my part!

(Every once in a while I like to dip my toes back into the game.) 

The consideration for the property to cashflow (after you move out) is still very important if you plan to hold, but taking action with the consideration of how this first step will impact your finances today will yield the greatest impact. 

I was able to find one after spending an hour searching, it's impossible to get a hold of anyone over the phone, thank you for the advice

Let SMARTLAND's $250 million Strategic Real Estate Fund be your gateway to game-changing opportunities.

It's a game of hot potato.Short-term rental valuation is a function of = Interest Rate, Replacement Cost, Cash Flow, Appreciation, and some others like Insurance/Easy of Operating/Taxes.  

Do you any equity built up on your current holdings @Heather Carrow?

Additionally, there's a fixed self-employment tax.Income Tax: 22% * $70K = $15.4KSelf-Employment Tax: 15.3% * $20K = $3.06KTotal Tax Due: $18.46KRemember to account for any state taxes as well.To defer taxes entirely, you could utilize a 1031 exchange, which allows you to reinvest the proceeds from the sale into a similar investment property, thus deferring the tax payment until a later date.Example #2: Long-Term Capital GainsNow, consider a scenario where you hold onto the property for over a year.Project Details:Property Cost: $70KRenovation Costs: $50KResale Price: $200KProfit: $80K ($200K – $50K – $70K)Since self-employment tax doesn't apply, you only need to calculate the long-term capital gains tax.

Investment Info:Single-family residence buy & hold investment.

or do you prefer to utilize your cash differently to grow your property holdings.