Missouri sales tax license is in effect at all times.8.

you'll need to check the tax records to see how many legal units are in the property.

I live in California so the properties got appraised and now have been raised in property tax I am the sole beneficiary.Not the executor trustee The Trust says I do not receive the whole estate until Im 65 I am 49.My Aunt is the Trustee she does not own her own home and works a minimal paying job.

So, after paying off the mortgage,  would net $58k (and wouldn't pay capital gains taxes as I have so many losses from previous years).

An LLC could be a smart move for liability protection and tax reasons.

Also, have a fee for the administrative work of adding or removing a tenant. 

I can't say that same logic applies to JP, but it's a place to start.Also, are you going to be hit by inheritance tax on the home? 

I know there will be taxes and fees I must pay to do this.

I've required rent up front for the entire period, proof of funds to ensure they could cover rent 3x for each month they were staying and a letter from their program administrator ensuring that the students were on rotation and were required to relocate after their rotation was over.

Hey @Christina Galdieri, I am a bit confused on your question but in general: If your asset is sold after 12 months from buying it, those gains are considered long term capital gains and taxed at a reduced rate.