Other than taxes and insurance, I'll assume the best case in that there are no other expenses.

In this partnership, my partner put in 90% of the cash as well as a bit of time and expertise in around items like taxes, bank finance, etc.

At some point 8-10 years did a portfolio loan with good tax returns and ended up using a lot of cash and that loan to buy 2 strs in Myrtle- ocean lakes. we currently have 20 units and Two are str's.theres really no short cut, we built a ton of equity by buying at the right time and fixing up ourselves (I'm a contractor).wr bought the two strs in 2020 and 2022.

If you want advice on real estate investing and the tax and financial strategies associated with it you should work with a tax strategist with real estate investing and financial planning experience. 

if I could find a deal at $300/month profit after principle, interest, taxes, insurance, and a $100 maintenance reserve I would say it’s worth doing now (ie.

We spent 10 years and then sailed away on a sailboat paid for with tax free dollars, 3 waterfront vacation rentals paying for the sailing, and a custom built dock in the back of one for when we were in town. 

Also note, the military and all government employees on assignment are usually exempt from occupancy taxes if they can present you with an exemption certificate.

capital gains tax, seller commissions , other fees, etc?

Good Afternoon Everyone, my name is Jon Boothe, my wife Mary and I are in The UPS Store business and are looking to expand by purchasing/building real estate building with a minimum of 2 spaces.

Just trying to understand tax implications.