Do you know about estimated tax payments? 

Basically, if the home owner could pay the $600 in taxes before that date, he could sell the property & transfer the title free and clear.The problem is that he is unable to pay the the tax balance due.Is there a way that I can structure the deal so that the $600 tax payment can be paid before or at closing by the end buyer, creating a clear title that can then be transferred?

I wouldn’t fight the city ... they wrote the code, and they have lot of free tax payers money to fight.

The IRS has a small taxpay exclusion that allows you to use rental losses agisnst ordinary income but it starts to phase out at $100k AGI, and at $150k AGI + you get to deduct $0 losses.

Meanwhile the borrower games the system, collects rent without paying the loan, and the "loss" is suffered by the shareholders of the lending institution, and ultimately by the tax payers who are responsible for the FDIC bailing out the banks, or the larger bailouts of 2009.

You'll probably get redeemed out by the taxpayer quickly, but it will limit your risk.

You are still going deep in debt and the rest of us (taxpayers) give you a kickback on a portion of the interest you paid on your mortgage.

If they want money, there's always hitting up Washington D.C. for more taxpayer's money or simply charging little elderly ladies excessive fees for writing over 5 checks a month.

., individual tax paying citizens, in this country were afforded the same level of protection as our financial institutions.

The LLC will need a federal tax payer ID, called an Employer Identification Numbers or an EIN.