Healthy regards!

On this specific question, my only piece of advice would be to get it thoroughly inspected (especially the major systems) and have some healthy reserves for when things go wrong.

It would be easier selling the rental and our gross combined income is 78,000 joint per year and we owe 23,000 on one line of credit on our primary residents.    

Ask to be added on as joint it will help your credit history and scorePay everyone on timeDon't buy joint with girlfriend unless you are engaged, buying is a marriage type commitmentAsk for overtime every timeAsk your debt card company for a $100 credit cardWhat programs does your employer offer discounts on employee loans?

If my husband and I file jointly and makes less than the 0% threshold we would not have to pay any capital gains tax correct?

My question would be, depending on what you define as a healthy monthly spread on a STR arbitrage, how many wholesale transactions would you need to close in order to produce the income you will have produced from one year of airbnb arbitrage?

This is a joint venture with my contractor who brought me the deal (through our HVAC contractor) and will be performing the maintenance on the properties while I handle the finances and property management.

Talk about joint expenses and what is a fair share for each of you to contribute. 

To be honest, I think you will be hard-pressed to find the city you describe: Fun place to live, healthy economy and increasing job prospects, strong University system, and cheap starter homes.

Me and five friends are looking to buy a condo to use as an Airbnb. We’d like to form an LLC, each contribute our money to the LLC, then buy the property in cash. Once we have the property we will consider a refinanc...