Investor Risks 258k plus 10% for tax insurance debt utls etc. and the other 10% is sales costs and ( in todays market) seller assist closing costs or interst rate buy down.

I'm getting close to 10k back on my tax return this year and thought that might be some solid capital.

There's also the ability for investors to invest in these areas via a qualified opportunity fund which has a lot of tax benefits.When you sell a property, there are usually some tax advantages if you've lived there 2 of the past 5 years. 

@Mark K.Wow the moment anyone guarantees the roi run for the hillsIf they could guarantee the return then it means they have all your cash plus that return sitting in a bank somewhere - which if they did then they would not need your $Anytime anyone guarantees a return run as far away from that deal as no legitimate investor will ever guarantee a return.

The current tax assessment value of my property is $119,700 and I pay $4,188.30 annually in taxes. (2023 tax year)My house was recently revalued by an appraisal company with a 2024 assessment of $254,000.

I would like to find someone who could advise the best legal structure for this situation in terms of tax implications.Thanks again,Richard

To clarify is your cash flow $850 a month after all expenses (mortgage, taxes, insurance, maintenance, turnover,etc)?

I already filed the license application with the state, but read somewhere that hillsborough also requires you to apply for some sort of tax ID. 

The illegal units are all attached to this additional landlord meter.When I started REI, I had licensed electricians tell me that to obtain an additional meter, the unit would have to have a legitimate CO, the building department has to come by to take a look.

Not doable in an online forum, takes an actual consultation with a tax professional.