I 100% endorse adding in the escrows for taxes and insurance to set the buyer/borrower up for success. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

This would end up getting you some tax benefits and extra cash flow that could help you leverage that into another property...maybe a 1031 exchange.

So many variables can turn a deal sideways from 1 hour to the next - i.e. inspection findings, title issues, contracts, financing issues, taxes, dept. of buildings/local municipalities, etc.I'm glad to hear you made it through the challenges, and it sounds like you'll be able to leverage this experience as you grow your portfolio.All the best to you along your journey!

Where is the income tax of 49% here?

(I REALLY can’t stand state income taxes.  

I would  show you purchase strategies, real estate monetization, rent roll leveraging, portfolio margining and asset protection/deep tax deductions