There is yet another wrinkle to that wrinkle under the 514 treasury regs -- if substantially all of a property's use is directly related to its exempt purpose, it is not considered debt financed.It's very possible a church could invest in rental properties to further its tax exempt purpose and not incur UBTI.Good convo to have with a lawyer and a tax CPA/EA.

If everything is done above board and per the Internal Revenue Code and Treasury Regs, isn't it your right to legally mitigate your tax burden?

I think there are far easier opportunities in the market (non real estate related) that can get me a measly 3% net rate of return (You might as well leave the money in the bank or buy a treasury bond which is much less risker and hassle free than owning real estate)Lastly Patience & DisciplinePurchasing your first property, or even adding to your portfolio only happens when its right for you and nobody else.

It is certainly not real estate, it is not sp 500, it is not treasury notes, bonds etc.

My portfolio lender offers a 5/25 with a rate based on the 5 year treasury yield + 3% (~6% today).The difference in rate is not that much, but since this property is on my personal name (rare), I’ll go with the conventional loan.

While you foot the bill yourself, your opponents are funded either by insurance coverage or with money from the association's treasury funded by all members. 

The IRS also will typically negotiate for pennies on the dollar if you don't want to wait the 10 years.IRS liens and state treasury liens are the only liens (including mortgages) that I know of that are not extinguished when a tax deed is issued.I have cancelled getting a tax deed in the past after finding out there was an IRS lien against the property.

I was successful reducing the tax by a couple thousand dollars on one property a few years ago doing it DIY, but my comps for another were bad and got nothing.https://www.state.nj.us/treasury/taxation/pdf/lpt/ptappeal.pdf

https://www.irs.gov/pub/irs-drop/reg-115420-18.pdf72 pages of guidelines!

Although it is effective by law, the Treasury has yet to release Regulations.