This will also allow you to avoid taxes on the sale.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

Your best advice would come, for a Tax Advisor NOT a Tax Preparer (CPA).

FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.

Maybe that is why the old owner didn't pay their taxes?

Hey @Nick Gallon Martin, I recommend speaking to a Tax Planner/CPA, @Jeff Nash would be a great resource for you.

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

I'm wondering if some one can help with an explanation about why a Hotel has many rooms with tax lien on auction? 

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes.