I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

That will show what proposed tax increase you will see.

The absolute best way to avoid taxes is not earn income.  

At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.

Home went to tax sale county kept excess proceeds.

Government actions are unpredictable and scare me the most. 

This is a screenshot from a private Facebook group for tax professionals.

It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.Property Taxes: New Mexico's property taxes are relatively low in comparison to other states.

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

If you do place the property in her name, you've got a Gift Tax (Form 709) to complete.