I am in one of the higher tax brackets and could be saving around 40k~ a year on taxes with this.

Home went to tax sale county kept excess proceeds.

If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.  

Just looking at Zillow I’m having a hard time making the numbers work between prop taxes, insurance, management on 20% Down vs cash currently earning 5% (albeit that 5% going away soon with rate cuts)  To be completely honest, there's not much right now that will give you decent cashflow without getting into a full rehab.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

And you now have to file three tax returns:- partnership tax return- your individual tax return reporting 1/2 of the partnership losses- your partner's individual tax return reporting their 1/2 of the partnership lossesAnd while partnership return can be DIY-ed, it probably should not be.

FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.

I'm wondering if some one can help with an explanation about why a Hotel has many rooms with tax lien on auction? 

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

Maybe that is why the old owner didn't pay their taxes?