If you have a recommendation on law firm who can handle land trust subject to transactions would love an intro.

Historically plenty of tourism, STVR are the norm and aren't likely to be capped or deal with new legislation, obviously subject to the occasional hurricane.

However, the amount you withdraw is still subject to the ordinary income rates.

I recently signed a purchase agreement for w $400K waterfront condo for $25K down, seller financing at 0% for 6 months, and taking title subject to an underlying mortgage.

It's a complicated and rather subjective question, you've gotten some good advice here.  

At some point, 2 years later or so, after I showed income on my tax returns and a history, I got added on title and did refinance or sold the properties I did not like.At the same time I cam across other opportunities like owner financing, subject to and banks which owned REOs in bad parts of town and wanted to get rid of them, offering 100% financing.And this strategy still works today.

Usually with HOA or other liens there is an option for the owner to make up the payments in default, plus legal fees, to cure the lien.One strategy would be to contact the owners with these liens (especially if they are a high amount,) and offer to pay the lien, in exchange getting the title ("subject to") and sell the property and split the equity.

But, the sale of a flip is generally considered ordinary income by the irs subject to self employment tax.

Please, feel free to shoot me a message anytime if you want to chat more on the subject or if you have any questions!

This will outline who the tenants are, what their monthly rent is, and (most importantly for your question) their next due date. $2,100 a year for water/sewer on a three unit is on the high side.