In FL, I believe RE sales associate can form business entities for tax purposes but it must specifically be the name of the person such as: John Smith, LLC.

Less labor for the deleader ( = less cost to you) and if it's occupied, you need to cover the cost of housing your tenants while the work goes on.There are tax credits for deleading and loan programs in MA that you can use that don't have to be paid back until you sell the unit.

So the primary mortgage will be $575, I'll be paying $250 to my family member, and trash, tax/ins will be about $200 for a total of $1025.

Hello everyone,Would someone give me an idea of how much money to save for taxes after I sell my rental home?

Even if you run it yourself for a few years, later on down the road it'll be much easier to make a transition to paying someone else to run it for you.I also strongly recommend people pay an outside source to do their month-end reconciliations and year-end taxes.

Are there tax advantages of buying notes?

I heard that there might be a sale tax exemption program when purchasing renovation materials and etc.

The tax assessors have the mailing address listed as the property in question and the taxes are also current.

Monthly Income:$2,300.00 Monthly Expenses:$2,289.26 Monthly Cashflow:$10.74 Pro Forma Cap Rate:3.61% NOI:$5,960.00 Total Cash Needed:$46,753.91 Cash on Cash ROI:0.28% Purchase Cap Rate:4.26% Total operating expenses:Mortgage expenses:Vacancy:$115.00Repairs:$115.00CapEx:$230.00Water & Sewer:$20.00Insurance:$100.00Management:$230.00P&I:$485.92Property Taxes:$483.33Misc:$510.00

If it works for you financially, Owner Finance can be a great option.Make sure you pay attention to Dodd-Frank and the Safe Act and don't take advantage of your buyer, but you can get better prices, good return, and tax advantages.