The subsequent earnings and capital gains will be treated with the same principals.In COMMUNITY PROPERTY states, earnings by either spouse during marriage and all property bought with those earnings are considered community property.

The larger payments you suggest may hinder you from qualifying for a subsequent purchase and thus you end up with lower cash flow AND Lower equity.

Since taxes are low in the area, it shouldn't cost too much to pick up a few of these, and even cover the subsequent year's liens until the redemption period has closed.

Or maybe a video conference call such as Skype or FaceTime during the inspection & subsequent closing.

Thanks Ibrahim,I actually exchanged emails with him a while back but it seems he only does foreclosures.. guess he's busy.I read his great book which has Affidavit for Subsequent Tax Payments, however when I brought this forward to the Tax Collector (after recording the Tax Sale at County) she had no idea how to add a subsequent water lien to the original Tax Sale.This is in Bergen County.

It's going to cost the State three times that much to fight this in a subsequent proceeding.

If that is what it's worth, nothing is going to work unless she comes up with money (obviously doesn't have) or the lender accepts a short sale, probably not if they see anything near 125K as a value.Bill, you may have missed the subsequent posts where the seller is ready and willing to sell for loan amount.  

Due to the way things have played out in a foreclosure I observed, the bank no longer has the statutory right to redeem their interest in the property at question (period for subsequent redemptions has passed).

If you get nailed for some violation then your business license can be pulled/denied which will lead to conducting business without a license, if you do and have subsequent violations that can just lead to jail.

If you are planning an extensive rehab/renovation with a subsequent sale that forced appreciation is tax deferred (or tax exempt if held in a Roth).