And for over 10 years, I have been in multifamily affordable housing development, and I am very familiar with asset management, property management, construction, and tax credit financing.

I also feel like there are potential tax benefits to a loan instead of contribution/distribution.

Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estimated the county mortgage tax in their quote when the other 2 didn't.If anyone has some knowledges to share with this, I would appreciate it.

Currently she is on gov. assistanceI know I am going to need to speak with a lawyer on this but my question is, is there a way to avoid tax implications if we do combine households, due the substantial amount of equity that is in the property.Any ideas or input would be welcomed.

@John Michael RobersonI agree with @Kory Reynolds: tax-wise, it is a workable plan, as long as you are hands-off, which in technical terms is known as failing material participation.I would caution however against focusing strictly on taxes.

Use that money to put down on a real piece of property that offers tax benefits, appreciation and less police traffic.

Talk with your tax accountant about primary residence 2 out of 5 years.  

So, I would discuss with the tenant and explain what they owe under the lease and what you would accept and why and see how they respond.

Do note that if you extend, if you would owe any tax on your return, that would still be due by April 15th.

How can I go about obtaining a list of properties that are tax delinquent and/or have code violations?