If you filed taxes on that property under ABC LLC you still can issue the K1s and state that there was a sales event.

Hey Brittany, There are many things to take into account when starting out but I will recommend focusing on your sales skill first on the acquisition side

I am looking to connect with somebody who has experience in working with Tax Sale Overages. 

Take the average of these as the sales price.

After about 3 weeks of researching STR strategies, a few lake markets in MO and AR, and taking a hard look at our current finances, I contacted a few agents in the area to get started.

Paying Yourself (10-15% of Income)Rule of Thumb: Pay yourself 10-15% of your net income after expenses.Why: It’s important to reward yourself for your efforts and sustain your personal finances.

I would say very honest PMs who walked my Indy properties (after the I closed on the homes) or at least knew that neighborhood and an honest construction management company were very helpful - they all said I better add in a lot more reserves to the repairs and cap ex for old Class C.

State Taxes: Some states also impose state income taxes on rental income and capital gains from the sale of property.

You will spend 10X on repairs and servicing of a poorly manufactured window so better to spend a little extra up front.I've recently had success using Harvey slimline windows on some rehabs.

. 🤦🏽‍♂️ I get it with those situations its just so easy to say hey it does not work for this reason or that.. we on BP hear the same thing about folks trying to do deals with Do hard money.. lots of turn downs after they spent their non refundable money..