Hi David,Thanks for writing that code.

You may be required to make estimated tax payments when the property sells.It depends on what your 2024 total taxes due were and 2025 estimated total taxes / withholding / estimated payments are.If you pay in atleast 90% of the current year tax or 100% / 110%(Depending on 2024 income), you are normally considered good.You may want to consult with an accountant for more clarification.

I have been considering reaching out to the seller to see if they are still interested in selling the property and just this week I found a Facebook marketplace posting from the seller trying to sell their home off market because “it became too much for her to maintain alone”. 

REALITY CHECK: THIS BUSINESS IS HARD.Wholesaling and buying houses off-market is a sales game—and sales is brutal.

Yea, fire your boss and live off real estate.

You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.

The Annual Owner Statement should break down all the expenses that the owner's tax professional then figures out how to deduct and on what tax schedule.

As mentioned in my original post, the use of a lower property tax expense projection (even lower value than the year before the record sales price) in the pro forma should never have passed any due diligence check (it was 70% off from pro forma!).

Quote from @Mike Hansen: When out of state investing, how does one go about appealing their tax assessment?

Also, if it fits your budget and your business needs a write off BPCON lives up to the hype.