you should find someone who you can shot the deal over to, they say yes or no then you toss the EMD down.... if a purchase and rehabhow many deals have you done, address, purchase price, est rehab cost and est arv, credit score and llc name.for a 30 year fixed long term purchase or reficredit score, address, purchase price or est value, rent or expected rent if purchase, taxes and insurance.these are deal by deal.

I've met people who sold and made up the taxes in the stock market and said they don't miss being a landlord.

Are you referring to property tax classification, as in it moves you from residential to commercial, or are there income tax remifications?

We wanted more property for our family and extended family and I knew I could use it as an STR to offset costs and pretty much give us a place that pays for itself while getting some tax benefits, equity, and possible refinance in the future.

I bet your insurance and taxes went up more than 3%. 

We have one this coming Saturday so hopefully you can make it out, here is a link:  https://www.biggerpockets.com/forums/521/topics/1177645-tax-...What brought you to Chicago from Dallas? 

Need more tax shelters? 

Hopefully I didn't misquote them.LLC: Liability protection and potential tax benefits.

@Mitrah Rasti the deed and loan are separate issues.Your partner should be able Quit Claim her ownership to you without triggering the lender's due on sale clause - as one of the lendees (you) will still be on the deed.You should check with your local municipality to make sure how this may impact your property taxes.You should also check with a tax professional to see if there will be any income tax impacts of the Quit Claim.Lastly, NONE of this will remove your partner's name from the loan.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).