If you want to send some details to me, feel free. 

If you want more information, p.m. me and I can give you a lot more details.

Howdy @Aaron WintersYou did not include any Rehab estimate.  

Perhaps the investor is working under knowledge of the trust details after all.

I would also study in detail the landlord/tenant laws in the state you are investing, and see how easy or difficult it is get rid of non paying tenants. 

What's the best way to estimate the tax liability when evaluating a property?

Well-to-do families who might have bought a single-family home in another era are willing to rent a house now, especially if it means access to a good school system.The number of homes purchased by major investors in 2017 was at least 29,000, up 60% from the previous year, estimates Amherst Capital Management LLC, a real-estate investment firm that made nearly 5,000 of those purchases.

We are estimating rehab costs, but offhand I'm estimating $40,000.  

No.I’m sure Tim Swierczek can give you a more detailed answer but the best of my knowledge you can use 70% of gross rents to help qualify.

The IRS has just issued updated guidance on OZ's including the draft self-certification form (Form 8996).From a quick high level glance at the newly issued 74 page draft regulations it does appear that only capital gains will qualify (which confirms the position our team held) Our real estate team will be diving into this over the weekend and next week in more detail.