The net operating income (all expenses + taxes + insurance) of 12k sounds about right if this is an all-cash deal, but if financing is required, which is 25% down + CapEx, that beautiful 12k operating income shrinks down to around to 1.5k operating income which translates into $125 of monthly cashflow, and this is what gives me the 4.5 CoC that I was talking about.

Also, I have found errors in my last years tax return and I guess I need to point them out to him?

The great thing about your timing is that a lot of people are getting ready to get a decent tax return that they could utilize as their option payment.

This way, I can take bookings for greater than 30 days and still qualify for the tax incentive.For reference: https://wcginc.com/blog/short-term-rental-tax-loophole/#:~:t....https://www.irs.gov/instructions/i8582Thank you 🙏 

If you have a SSN and file a US tax return I would try a few banks. 

In the case of Pacaso, you only have an ownership stake with rights to use the property + tax benefits.

If you made a profit ask them to release a portion to you to cover your income taxes.  

If it's too thin that a property tax or insurance hike takes you too low in cashflow, it might not be worth it.Good luck!

If you do 1031 exchange multiple times, do you pay taxes on the profit of only the last sold property or do you have to pay taxes on the total potential profits of all properties.

What are the tax implications for the seller in an owner-financed deal?