For example, this investor that I met recently said not to buy properties at tax auction for 100+ different reasons.

Another common practice for nationally sparse datasets such as tax data is aggregation.

Either way, with rent and price appreciation, tax benefits, holding long term is a net worth exploder.

Selling and buying something else you want keep and doing a cost seg in would help with the tax burden probably better in this situation.

Bonus - the interest on the loan is tax deductible!

Thanks for readingDavid $250,000 tax-free?

Knows real estate tax write-offs and how I can best apply them!

u can see these homes on my website. also if there is any way to manage it.. if you can figure out how to get paid as a WA resident you will enjoy the same no income tax status you enjoy now.. 

Of course to maximize your tax benefit it needs to be sustainable over time. 

Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.