Does anyone know how the taxation for the LLC would be?

Logan, I recommend finding an accountant who specializes in real estate taxation over one that is local.

I will contact you when I close my first deal this quarter :) 

That would put your principal, interest, and tax at $690.70.Now the type of loan you are going to use will get you to that price.

Some of us have been around this game for more that a quarter of a century and have seen a thing or two.

If you just want to let them redeem it it is your option to just sign and return, it usually takes a quarter for you to receive your money back from Jefferson County. but please be mindful that are are also entitled to recoup all insurance premiums you MAY have paid according to  40-10-122 (b)(2). 

It is not necessarily capital gain, because taxation of a business sale is complicated and has various types of taxable income involved.- from February to December, Joe works as a Realtor and makes $100k taxable income after expenses.

Another goal this year is to invest in a mother turnkey property by the fourth quarter of the year.Best Wishes!

For example, if the quarter was flipped 10 times and came up heads in a row, some would say it will happen again or some people will say that tails is "due".  

How much background do you have in taxation and how distasteful do you find preparing filings?