My tax bill was sizable this year but 2024 is going to be a doozy.

I also jJust ran a report for "total rent" (w/o cleaning fees & taxes) and while the 1st QTR(Jan-Mar) trailed lower, all my Smokies properties exceeded last April's total rent except one was lower by $98. 

Could you hold a 2, 3 or 4-plex in an LLC, live in one and still sell the entire building as a personal property sale after 24 months (no cap gains tax)?

One thing to watch for and to consider with your numbers are the taxes in Hartford, they can be very high!!

This is basically walking into a divorce situation LOLit's so much easier to have only one owner, both from a decision-making and tax perspective

If the wholesaler is assigning his contract to you, then GENERALLY you are paying for all closing costs and depending on the state you'd be paying for all the property taxes or prorated taxes UNLESS something in the contract stated otherwise (rare).If you're the end buyer and the wholesaler is looking to close GENERALLY they will pay for their closing costs with them as the buyer when they were direct with the seller, and then you'd pay your closing costs when buying it from the wholesaler "same" day.  

Keeps our taxes as Agriculture versus commercial.  

Asking $620k Debt service $4,352/m (10% Interest, 30-year amortization, 80% LTV) Taxes ($1033/m), insurance ($833/m), maintenance($1000/m), property management ($2400/m)Total - $9,613 (very rough estimate) Cashflow with 70% occupancy - $2,387/m (Cash flow pro-forma with adjustments $7,000/m+)What am I missing? 

You don’t pay any capital gain taxes.  

@Kevin S.Yeah I mean, maybe... in my experience permitting has everything to do with local governments being able to increase your taxes for each and every improvement.