Again, I will leave the details to your tax pro.

BTW, you must get a phila tax ID first, then a commercial activity license, and finally a rental license.Hope this helpshttps://www.phila.gov/services/permits-violations-licenses/g...https://www.phila.gov/services/permits-violations-licenses/g...https://www.phila.gov/services/payments-assistance-taxes/tax... 

Am looking to buy a multi unit property in Columbus and trying to estimate what the property tax would be.I checked in the Franklin county assessor website and was able to find a property tax estimator.

As a landlord I would face a problem anyway in this case, but if this becomes a burden on the other tenants, too, wouldn't this push away the good tenants?

I thought going in that we would start an LLC but have come to learn that LLC's have very limited lending options for real estate and that our LLC would require us to file taxes as a business because there are 2 of us.

But second, you’re also making your tax free gain, taxable.

Sort of.When a lender agrees to a DIL, they will own the property subject to all other loans, liens, possible lawsuits, and taxes due.

Also any advice on how to lower the tax on my flips. 

There is of course taking into account the area and if it is getting some life pumped back into it, sure you might have a builder or buyer wanting to put a house on it.I would love to hear from anyone with experience on holding on to an empty lot and just taking the hit on the taxes until you can sell for a large price. 

However, one of our objectives is to reduce the tax burden we face on our W2 income.