Levi T., where did you hear that, exactly?

But if you go back to the previous screen, you'll see a $214.62 "direct levy portion" -- click on that and you'll see additional taxes and/or Mello Roos:An additional $214/year isn't too bad, but some areas of Sacramento county get pretty crazy with these direct levies.  

@Levi T. 3 million in a year in deals sounds awesome, let alone 3 million a quarter.  

I assume here you are talking about estimated income tax.It is very risky to not pay them, both the IRS and State of PA can levy fines on you if you do not submit taxes when you receive the income (ie: submit taxes on January rents in march)... note that I say "submit" not "pay".

You split whatever amount is collected 50/50 over time.The judgment company will try various options for collection such as wage garnishment or bank levy which you have to file court proceedings.

Thanks @Christine Kankowski@David Dachtera, not a ton, it would add $500 to our $60k'ish rehabCurrently the deal is looking like....Purchased for $218000Spending around $65000 including closing/holding/rehabARV=$330,000 (or maybe slightly higher) (after comissions/closing/king county 1.8% excise tax will net around $307k)expecting net profit to come in around $24,000

Originally posted by @Levi T.

Tennessee imposes a Franchise and Excise Tax.

Not in Washington state though due to the excise/transfer tax.

So, on $400,000 it's about $7,000 just in excise tax.