@Matthew Meade look into the laws for short term rentals and taxation before you start up rules, regulations and taxation vary greatly from city to city

Property tax at the unit level would be in the event a multifamily was condo-ed out i.e. converted into individual condominium units.

A very valid goal is to make enough profit from the deferred tax over time to pay for the tax at the end. 

As far as taxes go that's definitely something to consider because it's taxed as active income on a flip compared to a buy and hold which has more favorable taxation.

I find it a great challenge finding deals for under 75% , also with a very high property taxation in Dallas the 75% rule make it even tougher!

@Charlie MooreTaxation is very broad and there is not one person who can specialize in everything within taxation.Very similar to medicine/health.You wouldn't want someone who practices general health for children to also be the one who does open-heart surgery.There are a couple of accountant's on this message board who specialize in real estate taxation.

Wyoming is by far the best state for taxation, asset protection and more.

., I was told by a real estate investor friendly accountant (investor himself) that he has all his properties under a company.But I might be looking at double taxation if I decided to do the same.

@Jordan McNellySee if you can get some experience working with a firm the specializes in real estate taxation.

You are eligible to utilize suspended losses in the event you sale the property.You can reduce the taxation of boot by suspended losses.