About 10% is standard in Georgia for property management is what I have heard.

So, I used a floor mounted, wall outlet toilet, not floor outlet, by American Standard.  

Option (2) scale the renovation back to rental standards $20,000-$25,000 refinance it for $290,000 and rent it for somewhere between $2,400-$2,600 per month which is what the property could bring after checking the rental market for the area.  

Option (2) scale the renovation back to rental standards $20,000-$25,000 refinance it for $290,000 and rent it for somewhere between $2,400-$2,600 per month which is what the property could bring after checking the rental market for the area.

Over time you could get access to better interest rates and more loan money that the standard buyer would not get.

I just wondering if this was a standard for reserves?

This is a standard retail type purchase not an investor.  

As silly as it sounds, I have never dealt with capital gains taxes before (unless TurboTax autopopulated that info for me from my financial statements lol) and I always thought this would just fall in with my standard income taxes (which are higher than 15%) unless I found a solution.  

We'd like to start an LLC to shield our personal assets, but I've seen in my research that it's significantly more difficult to receive any type of mortgage/loan through an LLC than it is through a standard mortgage. 

So, he has the means to buy and fix up properties but not the inclination to bring the properties he already owns up to a decent standard.