While it’s frustrating that the tenant is still there and not paying, turning off utilities could complicate the situation and potentially lead to legal consequences for your "friend".In the meantime, document everything (the tenant’s non-payment, the lease terms regarding utilities, and their attempts to resolve the issue) to present in court, which may help recover the outstanding balance later.

Depending on your goals and strengths/weaknesses, there are a thousand different directions you can go with your REI journey. 

I am also a real estate agent and I was wondering if there are any associations or something similar that I could join to become a real estate agent specializing in VA Loans so I can help my fellow vets. 

He loved my proposal to l/o the house, rehab it splitting costs 50/50 while I lived there rent free during the rehab.

If property values are stable or increasing, your strategy might be solid.Exit Strategy Since you plan to refinance in 12-18 months, consider what happens if interest rates don't drop or if refinancing terms aren't favorable at that time.Questions you might want to askAre there any zoning or regulatory issues with converting or renting the units as mid-term rentals?

I'll be there!

There are some larger operators in TN maybe you could reach out to

Smaller cities might be tougher to have that big list or the discounts are bigger, but there seems to be buyers/cash buyers in 80-85% of cities I would guess.Not sure it helps you get more listings, but might help you get more closings. 

Is there lake effect weather?

Calculate Capital Gains:• Selling Price: $290,000• Basis: $166,667• Capital Gain = Selling Price - Basis = $290,000 - $166,667 = $123,333Depreciation Recapture• Since no depreciation has ever been taken by any owner, there will be no depreciation recapture to consider in this case.Final Capital Gains Tax Calculation• The total capital gains that Person C will be liable for upon selling the property will be $123,333.Summary• Capital Gains for Person C: $123,333• Depreciation Recapture: $0 (since no depreciation was taken)My QuestionsIs the above estimated capital gains tax correct?