First find the market rent for the property and subtract 50% to account for expenses going forward.

Again, best to go through the transaction with your accountant.

Account ClosedWhen you prove the model, you could present it to potential money partners.

TO get applicants in ,, we would say Free applications,, with signed lease.. so if they qualified, we'd credit the cost of application back to thier account,, they all still had to pay the application fee,, we just absorbed the cost if they signed a lease...

So I could ReFi and still have a cash flow of $1,600 not accounting for vacancy, reserves, or routine maintenance.So basically the bank would write me a check for $245,000, I would have all of my original investment back, I would have 30% equity in the property, and the property would still be cash flowing $1,600/mo.I actually have never done a cash out ReFi, as this is my first BRRRR deal. 

However, after reading about capital gains tax and depreciation recapture, I'm unsure how to account for these future expenses in my plan.  

Despite all of this, she will still be the sole employee of her S-Corp and we are finding out that even though she is exempt from CA withholding and CA taxes, unemployment insurance, and disability insurance, that she still has to create an account with CA and file quarterly and annual tax forms.  

@Andrew Syrios @Ozzy Sirimsi @Dave Visaya Account Closed Thank you all for your encouragement and words of wisdom.

If company has assets (ie real estate or accounts receivable, etc), sure, if a company is shell, then not true.

"My Cut" was my check which accounts for paying off the mortgage, realtor commissions, and closing costs, but not taxes.