@Forrest Brown,  I'm never a fan of telling anyone that writing a check for taxes is the best idea, but it does depend on your goals and your potential tax liability upon sale. 

If you're weighing between purchasing a primary residence and renting spare bedrooms versus buying the entire property, which is more tax write off advantageous. 

Instead, the lender wants to see that the monthly income from the property can cover the principal, interest, taxes, insurance and HOA (if applicable). 

Title issues, seller issues, non-refundable deposits, no inspection period, lending issues, appraisal issues, liens, IRS liens, city liens, no wills, unpaid back taxes, solar liens, and all kinds of other crazy stuff.   

🧮It sounds like you have these priorities for your next PNW property besides the standard FI road map:- Something that has positive ROI (appreciation + cash flow + tax deductions + loan paydown) purchased at $1M with 20% down and ~6.8% interest.

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

Income Verification - Paystubs, W-2s, Bank Statements, Tax Returns.

If so, this is not the gain for tax purposes.

We need some general input on getting started from the ground up with a decent amount of money to initially invest from the current tax year.

Hello everyone, I started a few months ago to do research on Tax Lien and Tax Deed investing.I think this is a dumb question, but does the owner know your name if you don't buy them through a LLC?