Delinquent HOA assessment not paid by the foreclosed owner is a common problem that becomes the burden of the new Buyer, who has to settle with the HOA.Do the (sometimes) excessive HOA back dues increase the Cost Basis of the property that can be written off against ordinary gains or does it expense out (as passive income) on IRS Schedule E?

Bogus.The Tax Court correctly ruled that transactions were bogus, that it constituted excess contributions to the Roth, and imposed a tax of about $40,000.The Court’s reasoning is very important to REI.

Then after the 18 months, it would all be excess profit! 

The high property taxes in Bayonne (typically in excess of 1k/month for multis) already make it very difficult to find positive cash flowing properties on the market.

The last exterior we prepped lead safe following RRP rules was in excess of 30k.

Returns should be generated primarily from the performance of the real estate – not through excessive use of leverage – and it’s critical that investors understand this point.Often, property investors don’t realize how important it is to quantify leverage, so they end up in overleveraged investments.

I went searching for this topic in the forums but have not had much luck...When purchasing the replacement property via a 1031, is it possible to use some of the excess funds within the 1031 to perform repairs on the new property?

My goal is to show as high of income as possible to buy real estate without paying excessive taxes. 

I was making in excess of $150,000 annually without going out the door and with no reduction of principal.

You would have negative cash flow and your great investment income property would be a major liability.Nothing wrong with hoarding excess cash when you are filthy rich but in your situation this would be a serious mistake.