Endless Prop Tax Housing levies to pay for low income housing.

You take all of it but make sure you put 25-30% of it away for taxes.

I owe 250,000 on a condo. 

Heir, preforeclosure, foreclosure, divorce, absentee, rundown, can't keep up with maintenance, overdue taxes and liens, the list is endless.Don't try to force an offer on them, get to know them and keep following up.

And if there is a "why" then the 1031 is what you want to use to get into a new property and defer all tax.  

Every deal is different, and every person is looking for different marginsAfter Repair Value (ARV) - Rehab Costs - Purchase Price - Fees (holding costs, closing costs, selling fees) = Net Profit (before taxes).Are you ok with the net profit based on how long it's gonna take from start to closing? 

I would start a water line replcement business make far more money doing that than we would owing rentals :) On a related subject you have the waste lines that were clay etc.

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod

Now I owe my 401K 30K amortized over 15 years at 4.5% interest.

So the actual tax bill is going to be impossible to predict without looking at the individual owners' personal tax situation.How much of a gain do you think you made on your first flip?