Do I sell and pay capital gains and dump the money into a different market or do i refi and buy something else ?

.$995 is great rent but you also don't want to evict if tenants can't pay because turnover costs can kill the ROI.Just my opinion 

I am a tax attorney and i still am confused, and I am willing to bet that most people will be putting it on schedul e, not paying se tax, not calling it passive, and deducting losses against w2 income, and playing roulette with audits.  

They typically pay too much for their deals, especially if they are wholesaling from out of state for the same reason you stated...prices are all over the place.

Oftentimes, we would work closely with CPA to make sure how our borrower's taxes can be filed that would save them from paying taxes, but also making sure they can qualify in a lender's perspective.You would want to make sure your first few deals has an acceptable of return in order to lower your DTI and expand your investment portfolio in Real Estate.

When you refinance for a lower rate, you'll need to pay all of your closing fees again (title, escrow, insurance, origination fees, processing fees, etc).

The gravy for them would be level of finish and extra amenities but they aren't going to pay substantially more. 

I was thinking of getting one for my property's LLC and then adding myself as an employee with a separate card, cancel my card I have for personal use, and expense the annual fee for the business card.If I have a business card as an employee, what are your thoughts on using that "employee" card for my personal expenses so I can track them and pay them separately.  

.- 2022 and 2023 Federal Tax returns with all schedules included- business and personal (if filed separately)- January 2024-current Profit/Loss, Balance sheet, debt schedule (template attached here- or can use your own profit/ loss template)- 30 days most recent paystubs and ’22 ’23 W2s if you receive pay checks.- Most recent 2 months of bank statements outside of CBNA- Most recent retirement/ investment/ life insurance statement, if applicable.Is this an insane amount of paper? 

I have been airbnb’ing it less than 120 days which was helping me to work/ travel a portion of the year outside of LA -  not worrying about the paying both rent and mortgage at the same time.