There is no real demand for REO agents, like after 2008.

I would use the time with current tenants to get contractors in and give me estimates on future projects I have planned for the place, then execute them once tenants move out.If there is a good contract on the tenants moving out either June 20th or July 2nd with the prior landlord, would you go forward with the June 5th closing date or move it to a different date after the current tenants leave?

I am trying to determine if I'll allow them to continue managing after the purchase.

I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?

David Orr started Tax Modern and wrote that linked article--I linked his BP profile. 

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

I went after ags/minerals/oil/timber(even before covid) first then focused on SFH once I saw syndications suck in mid 2022. 

This tenant thinks he has 30 days, and hung up on me today, wouldn't take my phone calls after that. 

My brother looked at about 50 houses and they all had some form of lack of permitting, back taxes, no legal road access, etc.2.  

And could save capital gain tax on first 500K profit .