I tried to get this information from my CPA but he couldn't give me an actual calculation, instead, he created a "mock tax return" using last year's data, but when he did it he INCREASED my tax bracket for all my taxes, and everything I've read states this should NOT be the case.I think the calculation should be this: Capital Gains Tax = (Sales Price - seller costs (R.E. agent fee & other closing fees) - original purchase price - capital improvements) x 15%.

I bought a piece of land July 2020 for $367K and with the $200K of improvements I've made is now listed on MLS for $1m.

Has anyone added a hot tub to their STR to improve occupancy during the winter and/or increase nightly rates?

Because the LLC is a pass-through entity, you get the tax benefits of direct ownership.Once the deal closes, the general partners work closely with the property management team to improve the property according to the business plan.

They try to get their Profit up front, before they might do some improvements and Flip the property.

You might also time it so the next contract is signed when you do some time of home improvement for them so they can see you will be actively involved in keeping up the property.

If anything, someone with an STR may even make improvements your place with your permission.

It seems like the system is set in a way where landlords can't really improve the condition of their house without knowingly loosing equity or cash flow. 

My question would be, how does taking out a sink improve usability of the pace or make the property worth more to rent?

Each passive investor invests a minimum of $50,000 until they have enough to cover the down payment, as well as the cost of the renovations.Once the deal closes, Jane works closely with the property management team to improve the property and get the renovations done on budget and on schedule.During this time, Jane and John send out monthly updates, as well as monthly cash flow distribution checks, to their passive investors.When the renovations are complete, Jane and John determine that it’s a good time to sell and the property goes for $15 million after just 3 years.