Are there ANY more repairs needed to be 100 per cent move in condition???

This will make your gains tax free and fund a 501(c)3, there is some arm’s length stuff you'll have to get around but a slick lawyer/accountant will set it up right, I know mine would string a baby up with a lamp cord for enough billable hours.

Any recommendations for accountants / realtors / lawyers in the Atlanta area would be appreciated.Thanks to all for your input.Paul

He is discussing his options with a lawyer and has threatened the closing company to push the closing through anyway.Has anyone else had a similar situation?

You may want to plan some fees for a bookkeeper, lawyer, accountant, etc.Given what I remember about ND, Mandan (grew up there) is very working class.

I'm neither a lawyer nor an accountant.That said, LLCs are about liability (limited "liability" corporation), not taxes.

Currently, I'm trying to get rentals at less than 75 x rent, because at that number I can get my desired return with current interest rates.When you say market value, do you mean in it's current condition or after repairs?

Aside from income metrics, banks are also pretty obsessed with collateral quality these days, so it will be a good idea to only show them C+ or better, as far as location, and property condition/age.The typical local bank will offer both conventional (the 30-year fixed you're looking for) as well as in-house (portfolio) loans.

Another way to find buyers is to track properties that are currently on the market that will not qualify for a mortgage due to the it's condition.

They would need to see the condition of the home to be able to make an accurate assessment.