Hello,I was wondering if anyone has participated in the Philadelphia tax foreclosure auction recently and how long it has taken you to receive the deed?

Assuming the liens were the mortgage, taxes, hoa etc and totaled less than the purchase price.

How long will they have to cover property taxes etc for the decision they make?

So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.

You should speak with a CPA and a tax attorney to be safe.Regarding your thoughts about 1/3 equal splits - sounds good until you check out the cost of getting a DSR rehab loan or borrowing hard money.

I utilize a PO Box as well.It wouldn't be hard for our tenants to find out where we live (tax assessor's online tool) ~ But for $50/yearly ... it gives me a bit more piece of mind :)

Assume my marginal income tax bracket is very high, and mortgage rate is 5.25%.

Finally, I would add allowing pets to your home. 

I put property taxes 6k/year on each(Even though that's way higher then what it actually is, but the county tax estimate says its around that much for each) and for insurance, I just put 1,100/year on each.If there's more info needed let me know.

My last Tax Deeded Property returned 233% ROI.