I've finally found an auction property I'm interested in, and I’m ready to make a move!

We do not factor in capital gains tax in our final net profit projection Hope that helps!  

As with most PUDs, the developer handed things over to a management company who immediately started a $400/month assessment once the final unit in the development was sold. 

and finally - i know this wasn't your question but i have to ask.

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

For example, in my state PA there is an inheritance tax and many TAX auction properties originate from people passing away and the heir(s) not taking control over the estate and paying those property taxes.

I assume there is zero or almost zero appreciation and that’s the reason you aren’t selling tax free?

In non-community property states a husband/wife LLC is supposed to be treated as a partnership  And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer. 

Your not correct under many different circumstances.First property tax is 1.1% (fairly safe) with 2% annual increase (prop 13).Next expenses include a lot more than property tax and interest. 

Best to check with a tax pro to ensure compliance!