The purchase price is $275,000 and contains 1 commercial space on the first floor (convenience store) and five apartment units on the second floor. 

Description:- Tenant was on a 20 month lease (Oct '23 - June '25) on a single family home/Texas.

However, we are unsure whether we need to pay taxes on the capital gains from the sale.

Due to more favorable loan terms (and a bit of impatience/ignorance on my part) we went the traditional financing route for the property, with my wife and I both being on the loan. 

Also there is an additional tax on the returns due to the financing. 

Check out other online guides available here: https://www.biggerpockets.com/guides3.

Speaking of community, do you happen to live in Des Moines, IA based on your post?

When taking on a rehab project, do you prefer high-end properties or affordable housing?

All of which are well documented on the forums.

She thinks it’s ok to stay for free and she deserves free housing, non paying her dues or any thing just because she does not have a job (on purpose) and does not have money ( has all money for fancy furniture and gadgets)But anyways she has not paid her move in deposit ( paid partial) and has not carried renters insurance.