State tax regulations are typically able to be researched by any CPA worth his/her salt. 

@Frank FloresInvesting in delinquent tax sales in Houston can be profitable, but it comes with risks.

However, my other properties will depreciate for tax purpose, therefore I have paper loss, but I still cashflow on those.

Am I understanding that I would need to pay taxes on the  $25K profit, and if yes, is that worth deferring with a 1031 exchange or just pay the taxes now and have less of a time constraint?

Property-Tax is killing us since we are no longer residents and cannot file exempt.

After that is done, head over to IRS.gov and apply for your EIN (Tax ID).

you need to dodge capital gains and foreign buyer tax.. you should consult a tax expert..If I was in this situation I would just sell (not advice) and buy a cash flowing mobile home park in the midwest

If the condition is similar to the market average but your rent is severely under market rate then I take an average between the current rent and the market rent and send them the following message 2 months before their lease is up (assuming you aren't in a rent control market),Dear Tenant,Some nice words and remind them that their lease is up within 2 months, please select the following options about their new lease, also mention that you are doing the best you can to maintain the rent as low as possible but with inflation, insurance and property taxes increasing, you have to raise the rent to keep up with the rising expenses. 1.

One piece of advice is to learn about the tax advantages of real estate.

- Flipping offers quick profits but involves higher taxes and market risk.- Holding generates ongoing cash flow, equity growth, and tax advantages from depreciation.No right or wrong, each approach aligns with different goals, budgets, and risk tolerances.