What are some decent areas with low property tax and high occupancy rate?

If you’re concerned about paying personal capital gains tax, remember that flipping the property means you’ll take the profit all at once, while with BRRRR, you can defer some taxes and have the property generating income.So, here’s what I’d do in your shoes:If you can make a decent profit flipping and then use that cash to roll into your next investment, you might be better off taking the cash, at least for the first project.

I know if I use all the money towards the purchase then I won't be paying any taxes.

@Cheri Banet, the amount you owe has nothing to do with the taxes you will pay. 

Also another thing to consider are most municipalities will significantly increase your taxes if you pop the top of the house.

Chris...The property is paid off...currently sitting empty...with needed minor repairs.Trying to deferr Capital Gains Tax liability until my earned income is lower in retirement.Would this change your mind?

I'm not sure about Baltimore but in DC, if you take on one of these that is already boarded up, the day you take possession they fine you and put on some strange tax because of it.

With no RE background and a full time job I was still able to create the right entity I needed, develop a powerful tax strategy, found a partner to invest with, and about to close on a rehab where we will both make $25k+.

Their cap rate is based (among other things) on the current property taxes that they pay.

Your monthly payment would come out to roughly $2400/month including HOA, taxes, and insurance.