There are advantages to many real estate assets, but that doesn't mean you invest in the them just to get a tax liability.

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

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+.

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?

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

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

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.

I bought 14 homes in a short period of time for gozone tax bene's those are the same as the benes that people search out for cost seg these days.. except they were much easier you did not need a cost seg report..

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

I've researched local markets and don't think Ill have any issues finding a renter at about a 10% return after taxes and insurance.