Did taxes went up in Texas?

Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only. 

Every $100k in gain up to the limits, $250k (if single) or $500k (if married) will save you $15k in federal taxes and I’m guessing $5-10k in state taxes?  

Sold it a year after that and walked away with $400k, mostly tax free. 

You can always "borrow" or withdraw the principle since you already paid taxes on it.  2. 

Many people skip the whole LLC and just get an umbrella liability policy for themselves to protect their assets which is what the LLC is basically there to do.

If I have to pay taxes on my income, SO DO THEY!

I got about $4200 back on my taxes last year because of depreciation, and it felt great! 

The value around $20k according to the local tax office.

If it is possible, is there anything else I should consider before talking to lenders (namely, any tax implications).