What would you do in my shoes I don’t invest there so take this with a slight grain of salt but I’ve heard multiple stories of basically this exact scenario someone getting offered a big payday for something in Cumberland, rejecting it & always for some reason (house burned down, block got worse, sheetz decided they actually didn’t want someone’s land for a car wash after all) always selling for like 10-20k and regretting not selling. 

Glad to have you as part of this community, Bryce! 

So, if she bought the bitcoin for $1 million and is now using it to close on a $10 million property, that is a $9 million gain that needs to be accounted for in her income tax.

An LLC is useful for two things: anonymity and legal protection.

I have heard some lenders use school etc.

@Jay Hurst I didn't know this.

Hi John,this is great to hear.

Assuming you used financing, i'm assuming it appraised? 

Is the backup to use it as an STR during these months?

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.