It depends on what type of equipment and land improvements it has, so it could vary quite a bit.As for not having to declare that equity as taxable - you may want to investigate that further.

Loan proceeds are not taxable. 

Its fully taxable, though, vs the rental income is probably minimally taxed.

John Doe by himself owns the property in his name and the LLC is owned by just John Doe) then it may not be a taxable event (ask the CPA).

STRs are good to go with proper TDT account registration and BTR number ($33 annual fee) and monthly tax payment of 13%:  7% submitted by the platform to the state, 6% of total taxable receipts submitted by owner/agent to the county.   

If of course, your life and personal situation complies :) I have done this for three years now.For this thought exercise, let's assume the RE professional requirement has been met, and that the net rental income (excluding depreciation) equals $0.Isn't 100K of gross taxable income less 30K of depreciation equal to 70K of taxable income (i.e., 100K-30K=70K)? 

ALSO- your a dealer in the eyes of the IRS... so your gains are taxable as ordinary income.

Hi @Amy Stanley, since a cash-out refi is not a taxable event, you will not need to do a 1031. 

My taxable income is reduced from $100,000 to $58,000 for a tax savings of around $10,000 in the current year.

Cash-out refi funds are not taxable event.