Leveraging tax benefits like depreciation to scale your portfolio, combined with smart 1031 exchanges, helps you compound your investments.

How will tax benefits break down?

Those who are marketing on BiggerPockets specifically know the investor mindset and specifically want investor clients vs the typical homeowner.BP doesn't have a "finder" tool for everything yet, just agents, lenders, tax pros, PMs and Syndications, but there are more being added!

I have identified a Tax deed property that is a good prospect.

Talk with a local realtor and tax accountant.  

The back taxes are 2k as the first lien.

@Alexander F PollockYou may lose a tax benefit of a stepped up basis for capital gains purposes transerring interest away from her parents.Also consider conducting a judgment searches on all parties to the transaction to confirm there will be no title problems for would come up when the LLC sells in the future because you will not have title insurance to cover prior owner issues.

Then you just make money, build wealth and pay less taxes. you just need to do the HomeworkLuis Maqueira 

And as states like California and New York lose the highly taxed millionaires and they move to lower or no income tax states, expect them to raise taxes on the lesser taxed to make up for the huge portion the rich paid.

One lender hit one of my clients that I was doing a JV with... for 800 dollar property tax monitoring fee.. really on a 12 month loan.. but what happens is borrowers just focus on the points with no clue to the junk fee's  or using brokers who add fee's and points on top of the actual lenders fee's again bait and switch.