This section generally takes effect for tax years beginning after December 31, 2021, but there is a 2-year transition period for IRAs already holding these investments

I purchased the property directly from the bank but at the time was not able to front the 20% down payment as I had just closed on two restaurants just a few months prior.The time has come to refinance (to eliminate PMI) and I believe we have a decent amount of equity in the property.

My biggest concern is being able to compete effectively against others in a condo complex.

Much like what the city just did so too will the county.At their September 28 Regular Meeting, the Alachua County Commission discussed their draft Residential Rental Permit ordinance, which has a proposed effective date of March 1, 2022.

State the facts on this subject to all prospective tenants up front and this will help eliminate this problem before it becomes an issue. 

We are building processes to build teams effectively and we have learned a lot from acquiring this first duplex.

Can you purchase a real estate investment property (residential not commercial) in cash and effectively pay $0 in taxes instead of 32% from the business side?

@Steven Harris that is a hard sell but with $30K in savings as collateral you may be able to go to a private lender; however, you are going to have to add a member to your LLC or Corp with a job ; especially since you are new and can not produce a schedule of real estate owned.Most private lenders that I know or have worked with say that the asset is the main pull as far as credit during analyzing the deal; therefor, you have to have a strong deal that makes you money and able to communicate how you are going effectively monetize the project, in the form of an executive summary.I remember at one time some lenders were doing 80/100, 80%LTV and 100% rehab, I do not know if they are still doing that, I will have to reach out to some of them to see their parameters these days.

In late March 2020, everyone in Congress, at the Fed, and at the Treasury Department, were reciting the exact same thing, in unison, over and over again, like a religious incantation, when they came up with the policy-set that is mostly still in effect:"2008, never again. 2008, never again. 2008, never again."

The situation for international investor is similar as for US resident for ECI (Effectively Connected Income, eg buying and operating real estate directly) when it comes to US taxes but it depends on country of residence to determine if local tax.For FDAP (Fixed Determined Payments, eg dividends from investing as limited partner, receiving dividends from REIT...)