Offers for real estate should be in writing.

Hey @Levi Chuculate, Taking ownership draws from a fund have less to do with taxes (unless you would like to discuss the tax implications of receiving that income) and more to do with your operating agreement and bylaws.

Let's not go into how gross the hot tub was for just a few days (but we all know that's par for the course with a large group of adults & kids) and yes, I factor the extra for drain & fill although in this case, it needed even more cleaning.What I'm struggling with is what is the most professional way to reach out to the guest and to write my review? 

With a household count of 250,000 to 300,000 in Memphis, that represents only 0.05% of the overall market (and maybe half of that when looking at single-family detached).To your other point, starting off with a 25% equity position is a decent position to be in with any market downturn. 

I'm trying to figure out a strategy on buying real estate from the seller on payments, adding value and reselling it for profit and thus, paying off the original seller.

Or insight into making our 1st OOS investment off to a good start?

Tax impact, cash flow, leveraging, etc.  

No way I would refinance off at 3.5% loan...... not going to get anywhere close to that... do a HELOC or another LOC.

On an auction I was researching the Tarrant County Tax website lists the total due for: $14,079. 

Hi @Mary Chen, If we are utilizing a 1031 exchange on the sale of this property the expenses you incur for repairs wouldn't necessarily fully translate to cash in hand at closing without potential tax burdens.