Sometimes up to 80% if the number makes sense--this normally happens after the price have been reduced multiple times.

Technically, the failure-to-file penalty is actually reduced by the failure-to-pay penalty, so this $500 is allocated as $50 failure-to-pay penalty and $450 failure-to-file penalty.Example 4.  

Once you have an FHA loan you are not allowed to have another FHA loan unless relocating a great distance for work.Now that you have exhausted your Low Down Payment Options (Portfolio Conventional and FHA Conventional and FHA) you will need to use a Standard Conventional Loan and put 20% down to get your 3rd Duplex.The sky is the limit...you could continue to buy properties and build an empire or just stop there and enjoy more free time...I have friend who quit his job and just manages his properties now.Keep in mind that this 4 step process I outlined takes time (anywhere from 1 to 10yrs depending on the person) so keep the big picture in mind but don't let it stress you out too much.

I am seeking  advise of accountant familiar with foreign income tax in US real estate and have following questions:Which expenses I can claim for income tax during flipping(for instance whether international travel cost and accommodation cost  during acquire, rehab, and selling property can be claimed )How to reduce income tax during closing ( instead of paying 15% of gross sale price I would like to pay actual tax liability which is by far less )Apply for tax certificate or affidavit to reduce tax liability to actual amount

I am seeking advise of accountant familiar with foreign income tax in US real estate and have following questions:Which expenses I can claim for income tax during flipping(for instance whether international travel cost and accommodation cost during acquire, rehab, and selling property can be claimed )How to reduce income tax during closing ( instead of paying 15% of gross sale price I would like to pay actual tax liability which is by far less )Apply for tax certificate or affidavit to reduce tax liability to actual amount

Recently I purchased a property with cash even though a cash purchase reduced my ROI by a lot.  

My current plan is to do a little house hacking and buy a duplex to reduce my monthly expense of $1700 on rent while renting out the other side of the duplex.

These types of situations are stressful for everyone involved and usually play out to the last moment.

Ask for at least 3 year loan to give you less stress while trying to get a bank loan. 

And then I started doing the math on the purchase prices (which were greatly reduced obviously) versus the rents and I just didn't see how that couldn't work.Its not as easy as it sounds.