I have tried both, I think it depends on the market you are targeting and the type of leads.

At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.

The absolute best way to avoid taxes is not earn income.  

Quote from @Patrick Albright: You could look at doing a 1031 Exchange to avoid any tax hits this year. there is no tax. 

Anyone have experience using Turbo Tax Premier to do their taxes having investment property(ies)

It could be possible to still negotiate a purchase depending on the stage of foreclosure it is in. 

It’s definitely smart to evaluate the tax and cost implications of your funding options.

Anyone have experience using Turbo Tax Premier to do their taxes having investment property(ies)

Total time spent throughout the year may be significant, depending on the number of properties and amount of activities, but year end is no more difficult than any other time period they're doing. 

Quote from @Joshua Alcantara: Quote from @Peter Walther: I've found many properties with title issues wind up with unpaid property taxes so checking on delinquent taxes, tax deed sales and lands available for taxes might help you identify some.Thanks, Peter, for the info!