Yes, Vermont towns have the option for a 1% local options tax in addition to the 12% combined tax above. 

I rarely say this, but tap out bro.

Combination of owner carry and investment loan

I know that combined with decent project management skills can bring a deal home. 

A properly established plan performs three primary functions: lawsuit deterrence, settlement negotiation leverage and/or placing your assets out of the reach of a legal opponent.You do this by:- Insurance - Using LLC's- Combining them with Trusts- Owning NOTHING personally in your name (the Rich own nothing, but control everything). - Use separate legal tools- DON'T FLAUNT YOUR WEALTHThe main ways clients use their planning are:1.

There are some exceptions, but they are rare, they have access to funds, and they typically built their empire when the timing was right and got lucky.Likewise, it's not often that you can buy a house and sell it for big money six months later.

Beach front is rare and has appreciated well for 50 years and likely will be appreciating well 50 years from now.Good luck

Real Estate is rarely (if ever) a bad thing to have and hold onto.

Quote from @Michael Morrongiello: That is also my understanding as wellThe junior 2nd lien gets wiped out it gets  wiped out from that property but the debt remains with teh borrower.. although unless its a commerical deal with a PG rarely do banks go after the borrower just based on the note. 

It's rare to collect but it's out there for the next landlord or lender to see.