You should speak with a lender to discuss your financial situation and your goals.2.

This might result in a smaller annual depreciation deduction.Strategies for Tax Efficiency:To optimize your tax position, ensure that you are maximizing allowable deductions such as property management fees, repairs, and mortgage interest.Mitigating Tax Liability:Consider consulting with a tax professional to explore strategies for mitigating your tax liability.

For joint owners who are not married, up to $250,000 of gain is tax free for each qualifying owner.If your spouse dies and you subsequently sell your home, you qualify for the $500,000 exclusion if the sale occurs within two years after the date of death and the other requirements discussed above were met immediately before the date of death.Good Investing...

I would discuss with them and ask them for a proposal on how to settle the matter.

I look forward to the opportunity to connect and discuss further.

What I did was to add special incentives including no pet fee and a discount on a golf cart fee.

If it needs to be bought at 40K to make sense then offer below to cover your wholesale fee

I'm asking for double market rent, plus a non-refundable pet fee per month, pet deposit, 4k security deposit, cleaning fee (for when they move out) and a monthly landscaping fee. 

By discussing the obstacles we've faced, we can help new investors be more aware of potential pitfalls and navigate their investment journey with a bit more foresight. 

You get that back if you sell, but if you keep it as a rental it takes 153 months or 5 years to break even on your down payment alone.https://www.redfin.com/IN/Indianapolis/1515-E-Kessler-Blvd-Dr-46220/home/66981054ARV / Sell Price$235,000We Calculate All CostsPurchase Price$152,750 65%Closing Costs$2,000Rehab$30,0006 Months Carrying Costs$9,114Real Estate Selling Costs$14,1006%Other$0Other$0Total Rehab Costs$207,964Now We Calculate ProfitARV / Sell Price$235,000Total Rehab Costs$207,964Gross Profit$27,036IRS Tax$4,05515%Net Profit$22,981Per month profit$3,8306Loan Down Payment$30,55020%Loan Amount$122,200 80%Loan Cost per rmonthPrincipal & Interest$8137%Prop Taxes$321Insurance$168HOA Fees$0Monthly Payment Costs$1,302Monthly Payment 1$1,302Monthly Payment 2$1,302Monthly Payment 3$1,302Monthly Payment 4$1,302Monthly Payment 5$1,302Monthly Payment 6$1,302Utilities for 6 months$1,302Total for 6 Months$9,114