I just won my first tax sale property and if all goes well (AKA the judge reviews the property and approves everything) I will likely go down the tax sale rabbithole as the property I bought was pennies on the dollar (hopefully noone broke in and stole the copper plumbing lol)

My interest-only monthly payment, including taxes and insurance, is $2,298.Phase 1 of the project was a gut-renovation of the existing home, which we converted to a three-bedroom, two-bath home.

One thing every investor needs to be aware of: No real estate fund or syndication is FDIC insured.You may come across phrases like "the money is in an FDIC insured account," which only means the funds are held in a bank account, not under someone's mattress.

In my case, the plumbing inspector was a problem. 

--I closed all my tax and insurance escrow accounts, because the money is better off lowering my daily balance and interest and will pay those just in time.

You are responsible for obtaining your own casualty and liability insurance. 

So for these locations, leasing to a car lot is a “tax payer”; no cash flow just enough rent to cover the insurance and property taxes and perhaps a moderate loan service.  

I'd been searching on and off for almost a year to find appropriate insurance for my Tahoe STR. 

Does this seem reasonable ideally I could insure it for value vs rebuild cost?

You can deduct expenses like mortgage interest, property taxes, insurance, and repairs, as well as depreciation on the building (but not the land), which helps reduce your taxable rental income.If you refinance, any interest paid on the new loan would also be deductible.