Not an expert on this but it appears YES this would be subject to UBIT and a good amount (70%).

In this case, the vendor was a home inspector.

Some townhomes are like $250,000 and rent is still $2000+.Where I’m from, a $400,000 house would probably rent for about $2000 so I was pleasantly surprised to see how much more rent you can get per dollar, is this pretty standard or am I missing something about Freeport?

Any creative ways to buy this deal that’s a win-win for both of us?

So depending on your experience, if you are bringing a piece of land and some plans, I the outside investor would want likely between 80-90% of the equity if I am providing all the funds for closing, the experience, and the reserves, just to be honest on something like this. 

I’ve read the legal paperwork regarding what’s done in order to quiet the title on a tax lien property. 

Does anyone have a spreadsheet formula for this?

The last thing you want to do is buy this property and end up with a lopsided deal if the ARV is significantly lower than what the wholesaler claims.

This market is literally built for STR and yes, there are thousands of units and yes, it is very competative.

Nothing is off the table at this point.