Hi Tim,I am a realtor in the Cleveland market and anytime one of my listings doesn't sell I recommend a $5,000 price reduction every 2 weeks until the property sells.In your case, you might want to reduce it a little bit more because you want to sell before winter. 

That in the Dean wood area are maybe the only two area in the DC  where the properties have not jump through the roof.

Congratulations on the first rental and all the knowledge you have gained from it to set you up for the next property. 

Can I sell it to my LLC?

For those unfamiliar, it’s where multiple investors co-own a property, outsource property management & share rental income and appreciation.For those with experience, I’d love to hear your thoughts:What’s worked best for you?

Just buy a third property when you have the downpayment and reserves set aside.

Biggest pati le is getting approved from VA and bringing property up to regulation.

UDFI typically arises when debt is used to acquire or improve income-producing property, and the proportion of income related to the debt can be subject to UBIT.

The plan for the property would be to rent it monthly while we are not there and use it at least once a year for ourselves. 

We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.