I had never used a power tool prior.

Note that I live in the Netherlands, which has many tax laws.thank you 

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

When they do get to responding back, no one seems to know what happened prior.  

I just started using it and so far the owner info matches up with the county tax info. 

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

although we bought about 6 years ago or so for 270 put 100k into it so you can do the math  no debt .. hoa 400  we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves.. 

Add another $300 or so for taxes and insurance and you're at $2465 PITI. 

Is the option government supplied insurance where taxes supplement the insurance?  

You'll also need to show stable income for the past two years through W-2s or tax returns.Talk to 3-5 lenders to compare their rates, fees, and terms.