Our business plan actually includes rehabbing distressed properties and conducting off-market transactions with owners currently occupying distressed properties using equity to reduce the out of pocket costs for the seller/buyer and to simplify the process.

However, these costs can often be added to your property's basis, which helps reduce capital gains tax when you sell the home.Once the property is officially a short-term rental, subsequent repairs and maintenance would likely qualify as deductible expenses. 

Before you do so, make sure that it will, in fact, reduce your current year's taxes.

Microsoft Excel, and most budget or free online bookkeeping isn't going to cut it in this situation.For the rental properties you own directly, I often tell clients and prospects that a P&L in Microsoft Excel is just fine and a balance sheet is not necessary for tax purposes. 

In most states they must be published in a local paper which all are online.

Because this is the business we've built together, we enjoy working together, we each have roles that reduce the work load on the group and personally I like that the risk is spread out.

Always have an exit strategy in case refinancing takes longer than expected, such as optimizing rents or reducing expenses.

Is there any creative way to avoid/reduce capital gains tax on the sale ?

If you choose an online program, ask how much access you have to the coach.

Thank for your help Connect with a great property manager or use one of the free online tools to estimate rents.