In some cases you could actually have some double taxation on some of the income.

I wouldn't bet on any states with poor taxation policies.

The rub is that in order to monetize this equity you either have to refinance the property and incur high transaction costs or eventually sell and incur taxation.

Perhaps he knows the crap will hit the fan sooner rather than later if the deficits aren't fixed via spending cuts or taxation.

Who would be for having states that can't manage their affairs properly compensating other states for their failed policies that wreak havoc on our financial markets and subject ALL citizens to increased taxation and/or inflation?

Is that "Taxation without Representation" like we hated England for??

Before meeting with the seller run comparables on the property (MLS, state’s taxation website, zillow.)to get an idea for a happy median price for your seller and your investor with your wholesaling fee included.

Here is a good primer on taxation issues relating to corporations:Putting Corporate Tax “Loopholes†In PerspectiveMy beef really isn't with corporations minimizing taxes.

I would suggest you learn about and follow the state laws pertaining to the business per Chapter 105 on Taxation.

We will have to pay the underlying mortgage (this is a wrap note) if the tenants failed to pay so it isn't a completely free lunch.My question is whether or not this will somehow be considered a "gift" from a taxation standpoint.