You will have to pay all the usual expenses associated with buying a property: transfer taxes, government fees, title company/attorney costs, as well as a "hammer fee" which goes to the auction house.In theory yes, you could win something for a few thousand dollars.

Selling real estate is a very costly move (labor, time, taxes, fees, commissions, opportunity cost etc.) so whatever you do with that money down the road has to be well worth it. 

Sell or 1031 Exchange: If the property is no longer viable as a rental, you could sell and reinvest in a STR-friendly market through a 1031 exchange to defer capital gains taxes. 

Tax Liens are not a big thing here in CA either.

Did I mention there is no property tax in Croatia ;) When you buy abroad, it’s not just a property that you are buying...you are buying into a lifestyle.

I also own a tax and accounting firm as part of my business investment goals, and this has been my main focus during the current tax season. 

Since I am strictly W-2, would it be smart to consider getting my LLC in order to protect my future investment properties, and while also reaping the tax benefits of having an LLC?""

Option 1: Lower Down, Higher Rate (10-15 Year Term)For the Seller: Steady cash flow, better return than banks/CDs, avoids capital gains hit all at once.For You (Buyer): Lower upfront cash, keeps more liquidity for operations, long-term financing stability.Offer Price: $2.2M (Full Asking Price)Down Payment: $220,000 (10%)Loan Amount: $1,980,000Interest Rate: 8% FixedAmortization: 25 YearsTerm: 10-15 Years (Negotiable)Monthly Payment: ~$14,846 (P&I on 25-year am.)Why It Works for the Seller:They get a consistent $14,846/month income instead of a lump sum that could trigger taxes.8% return is way better than typical bank investments.Avoids broker fees (~$100K savings).No property management headaches—just collects checks.

We decided to market it as a 4 bed/1 bath with an office.Listing Price - $199,900Property Taxes - $2,230.13AssumptionsPurchase Price $230,000In this case I had seen similar properties selling for $225K - $250K so I felt the property was listed low to drive up interest.

Now, in terms of tax deductibility, interest paid on the All In One Loan is eligible for deduction the same way it is with all other mortgages.