Yes, multiple issues.The idea is to identify property owners with "perfect storm" situations comprising foreclosure, property tax, as well as other financial issues and potentially health, family and/or legal pressures. 

Hopefully Houston/Harris County/Texas laws are similar.I could not find anything in the Taxas' PROPERTY CODE CHAPTER 92.

Hey Juan - I will soon be moving to Greenville (from Sao Paulo, Brazil).

I presume if he sold the WHOLE thing, he'd pay no tax as it would be his primary residence (except for depreciation recapture on the rented portions).

All of my Texas properties take 2-4 months rent just to pay the Property Tax.Mike, the problem with that is that Texas doesn't have a state income tax. As

Holding them in a C-Corp would subject you to an additional tax, as the corporation must pay a tax, and then the individuals receiving dividends are again taxed on the same income that the corp was taxed on.

Hello, while i was using the fix and flip analysis calculator, i found the analysis shows tax as well. 

The "rain tax" as described here is a relatively small (couple of $ a year) stormwater remediation fee that other jurisdictions charge as well.

If you sell with owner financing you will pay recognize the tax as the payments come in. 

@Nathan Gesner gives you the work around to avoid all that tax a 1031 exchange into new investment real estate, or a passive 1031 compliant real estate, or a  vacation property you generate income from, or even a property that you later turn into a primary residence.