- The percentage difference is the percentage the taxes will go up after you buy it.What do you mean by the property has HVAC AND boilers? 

I would also share pros and cons of paying taxes on the windfall versus owner carry.

I'm starting out doing redeemable tax deeds and going to auctions where everybody has "bigger pockets" than I do.

I am about to graduate college in May 2025, and will be making about $120k (pre tax) in my full time job postgrad (Washington DC area).

I"m also seeing people doing STRs to get the tax benefits besides the higher cash flow. 

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

But, you still own house and benefits are as follows.1. tax benefits2. principal payoff on your note.3.

Secondly, the homeowner would need to cooperate as she would need to submit a bunch of paperwork including income statements, tax returns, etc. for the Short Sale application to show that she is insolvent.  

Additionally, most servicers will provide the tax documents needed at end of year (1099-INT, 1098-INT) and can also issue notices of NSF, late payments and support delinquency /default.

Property taxes are 2% instead of 1% for landlords as a general rule (some districts may  be slightly higher).