If your basis is $2M and you clear $5M after selling costs you’ll owe somewhere between $450k (all capital gains tax) and $750k (all depreciation recapture.).

Thanks @Michael Baum and @Andrew Steffens for your advice.  

I’m nearing the completion of my Tennessee Real Estate License, and I’m eager to connect with like-minded individuals in the real estate space, specifically in the Nashville and Franklin areas.I bring over 8 years of experience in renovations and custom home building, which has given me a deep understanding of the construction side of real estate.

For example someone with no experience and 700+ credit may qualify for 85% of purchase and 85% of rehab. 

The house is rented to college students, with the parents paying and dealing with everything.The house had a burst pipe and water damage in the shared bathroom in August of 2023.

She has a good-paying job, and her employment has not been affected. 

Hello everyone, I'm new here.I need your inputs and advice on a deal.

I've had a tenant in my long-term rental unit for 7 years, and they've recently moved out.

I love the idea of renovating and having renters who are happy. 

Add the outlet it’s universal and cheaper.