Likely will just put the proceeds in a saving account and wait for a good property investment.

Still waiting to hear the verdict in the court of appeals case regarding STRs.

However, this notion was struck down in court by the wording “beneficial” interest in mortgage and deed of trust documents.Bottom line there is nothing that a property placed in trust can do that a single member LLC can’t do cheaper, easier, and “cleaner”, in MOST cases.

Their CPA says they will pay cap gains when the Corp sells, then they will pay income tax on the distribution, resulting it over 50% of sale proceeds going to Uncle Sam.

We have some cash we could put into the property to “clean up” but not enough for a complete Reno. any creative thoughts on how to proceed.  

@Jay HinrichsI’m currently in the design phase of a cottage court development that will consist of 6 semi oceanfront homes on the Outer Banks in Nags Head NC and we are planning on putting them at each home.

Use all of the proceeds in the purchase or purchases ($500K)Most folks don't have cash resources to replace the loan so they take out a similar loan amount. 

Now, I just need to sign the preapproval disclosure forms before proceeding. 

How does the realtor get paid if I’m only looking for properties currently for rent and then proceeding with rental arbitrage?

I found a deal but have no idea how to proceed.