.$750 rent * .95 vacancy * .98 leasing * .9 property management = $628 gross rent$75 taxes (will vary by city)$50 insurance (will vary by city)$50 trash/water (will vary by city)$175 cap/ex wear/tear w/ averaging out bigger ticket items dividing their cost by life span.

However, you can negotiate the amount based on the extent of the inconvenience and expenses incurred by the renters.

This leaves friends/relatives wanting to help you out (emotional based investing) or people unsophisticated and naive (likely disciples of a currently heavily promoted guru).When I, or any other investors (with significant capital) I know of invest, either equity or debt), we only consider deals where (1) the “sponsor”, or borrower have a significant investment of their own capital, unless they’ve owned the property many years.  

I based this off of the number of new construction homes in state, how much vacant land, how much those things are selling and their availability, laws, among other things.

We are looking for an attorney based in Texas since our LLC is registered in LLC.

0.16 acres and I would say $180,000 or less based on the comps. 

For those unfamiliar, these structures offer varying commission rates based on the sell price.

Based on your responses, the safest route to avoid FIRPTA tax is to do a simultaneous exchange.

So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.

You'll bring a downpayment based on the total project cost and you can get seller financing to help with some of the equity injection.