Hello everyone, I currently own a house and about to start renting it but I've been wondering about tax liens as a back up plan and I know nothing about it and the podcast only has one episode that I've found (which I would love more).

The bookkeeping is good for some things like doing taxes or looking at reports of how things are performing, but it doesn't help much with budgeting and making day to day decisions for how to manage money.

. ($50K sales price, 5K lost rent, 5K in commissions and closing costs)Account Closed has a good option.

I dont think the terms allow me to post a link but here are some basics.Has been occupied avg of 17 days per month since Sept.managed by a top tier company and has 4.8 star avg reviews.Also would be a good family home (large private lot, fenced yard, hot tub).It has the benefit of being near Austin downtown, but NOT in Austin city limits (9 miles to city center), so lower taxes and no STR rules (default to Travis County rules).I have read the forum posts for similar situations, however every market is different. 

You have LLC fees, additional tax filings to have it be a pass through entity and all for what?

Washington state’s capital gains tax, passed in 2021, imposes a 7% tax on any gains of more than $250,000 from the sale of stocks and bonds, with some exceptions.

As you're aware, utilizing your VA means your downpayment is 0%; however, you'll still need to account for closing costs ranging from 1%-3% of your loan. 

I'm not a tax professional.

Document what you do and talk to your accountant.

I also personally would shoot for 1.2-1.4% in the suburbs due to the higher tax rates than in the city.