Signed lease and set up payment with Zillow rental portal, first got blocked yesterday, then my claim shows resolved while it shows my account is now disabled instead.

Refinanced in 2017 roughly to drop PMI, lower interest rate and add my then wife to the mortgage.Selling for 287k in August of 2024I know that I won't have to pay capital gains tax on the profits- my question is the profit from the sale still treated like income and taxed accordingly?

It amazes me nowadays how people will throw money into a market and not spend any time in it(pre purchase) then wonder why it didn't work out.we literally purchased our second stilt house by walking up our stairway and the owner (of our now second str there) was walking up there stairs and we struck up a conversation and purchased it off market.My advice, allocate some of your investment funds to knock on doors and hang in the area you buying- its priceless.

That is the customer and who pays, it doesn't matter who owns the home then or now.

If you bought another cash flowing property every other year, then in ten years you will have an additional five cash flowing properties.

ls it normal for him to ask for more and then give us $ 50k less?

Then understate costs. 

We knew at the price the house would cash flow, then the house market went crazy and rental prices went up tremendously and the appreciated sky rocketed so this is going to be an amazing first property for our portfolio.

Usually, this would include something like a holding company ("Hold Co"), typically a traditional LLC, which in turn then owns an investment entity, often a traditional or Series LLC, which will be the entity that owns the assets/property invested into (the "Investment Co").

We lived here for 18 months then placed a tenant.