I don't know if I should rent out the house and hold it for several years, BRRR the house and sell it in a year or so, try and build a business on the additional lot, or try and find a commercial property investor to sell it all.

.- Both tenants paid 1850/m so there is some CF but not much as tax/expenses slowly crept up, hower new owner could def do over 2k/month rents.- Added: new roofing for around 15k in 2019-20 and added a 2nd laundry (washer dryer) so each unit has its own.- Value adds for new buyer: Potential to make front garage usable (current is very narrow), make backyard nicer, finish off basement and make it livableQuestions: 1) From tax purposes, what EXACT tax would be on the 315k capital gains?

To get the most out of your investment, make the most of the rental revenue from other flats and think about renting out extra beds or units to renters.

We have a lake house that rents for the same rate as a hotel in the area, therefore our occupancy is super high. 

Did you sell, did you just continue to rent and accept fines/penalties, did you shift to mid term or long term rental?

I do notice a lot of successful real estate investors drive pretty old cars (not that driving an old car will make you a successful real estate investor).I don't know if I'd ever buy/lease a "dream car" but I would definitely fly to Germany, rent a Mercedes, and go wild on the Autobahn.

I had another idea of her getting a HELOC and use only the necessary for the 20% of the property where we would live together and rent out the house which according to Bigger Pockets' report will be in the low $3K to cover both the mortgage and the HELOC.

They would need cash to buy/rent seasonally in Florida, so is there a scenario where they sell the house to me, obtaining the cash they need to buy in Florida, and then rent one of the units back from me in the summers?

I use a prompt similar to the following: "I am writing an article on the relationship between rental prices and inflation.

We will renovate the fix up the first floor additional dwelling and plan to rent it out as a STR for the rest of 1st year to maximize the return of our renovation expense against our W2 taxes via the Cost Seg / Bonus Depreciation.