At this point I will have pick up about $450K in appreciation after sales costs, but that is before taxes and I am in a high bracket. 

Some states allow tax and fee free transfer between spouses.

I have a lot of investors that buy in TN for example and the taxes in some counties are crazy low $400-$600 annually.

Your cost to attend court is a tax deductible expense but I don't believe it is something that can be added for the judgement.

Our numbers were PP $258,000 ($359,000 Tax assessment),  Rehab $70,000  ARV $400,000    Appraiser AS is $285,000  ARV $350,000    Appraiser cost us $1950,00 because we're in AK The loan so far is as follows......total of $317.296  with a $43,200 hold back for reno, not 70k, $13,489 in fees....8.49% interest and our down payment of $52,000Lots of hoops but I guess we have a Credit Line of $650,000 for 1 year.....I need to find out yet how it works with the next loan, if I need to jump through all the hoops again ? 

Taxes 3.

Also, for a situation that owner simply refused to pay insurance/taxes and let it go foreclosure.

Ask yourself what you are looking for (cash flow, appreciation, tax benefit, etc).

I would consult a CPA.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.