At least within this question let's exclude the US market, taxes and laws since I am far from investing on that market.

Good Morning all, am in the process of selling my coop first per loan officer and will be buying coop (2bedroom) pending sale of unit on contract we signed- my question is when I do my taxes will I be hit with anything ?

It costs a little extra because you are taxed on this. 

Also, depending on the area, codes and historic have been a big pain especially since the new city administration has put a much higher % inspection requirements for "cosmetic rehabs".I've been able to turn majority of the units in the last 3 years. 

I know there are new rules and regulations regarding tax liens this year.

In addition, you're getting close to owning it across two tax years and actually owning it for more than one calendar year.   

If you had purchased the investment within the IRA then depreciation would not help you since that is already a tax advantaged account... 

The allocation can affect property taxes and legal responsibilities.

Hello everyone, 1 week before closing, my lender notified me I need to pay a 10yr old out of state tax lien to get funded.

What does Baltimore offer , it has rental inspections , highest property taxes in the state , worst schools in the state , high crime rates , higher insurance rates , longer time to evict tenants , slower appreciation .