Just trying to defer some of the income tax until next year.

But I would be missing items necessary for taxes, etc.

Please note, I did not include the tax benefits from deprecation.

Do you know if it is possible to have a tax deduction for interest/profits earned on promissory notes/PML?

@George Bell my LLC's do two main things:1) Hide my identity, so tenants can't easily find me. 2) Separate my business and personal assets, income & expenses, not so much for tax purposes, but to avoid IRS issues.-- Just audited by IRS this summer for first time ever and had no issues!

Property taxes are next to nothing.

You need to quickly claim deed it into an LLC.

If not sold free and clear, the buyer will also be responsible for paying back taxes. 

I ended up spending HOURS building a tax estimate spreadsheet.

Given that your governing documents state HOA liens are junior to mortgages, it further complicates their claim, as they may not have the right to impose a super lien in this instance.