I gave an owner $4500 to stop a tax foreclosure on his property in exchage for an Option to purchase it for 18K sometime in the following 10 years.

Get ready for the property taxes to jump after you make the purchase. 

Your transaction would be suspicious to the point where my compliance group might make me file a S.A.R (Suspicious Activity Report).I have to fill out an O.F.A.C. report (Office of Foreign Asset Control) on EVERY bank reo sale.

Hi everyone, I filled my taxes jointly for the first time.Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.Is this correct?!

If you pay market rent and your tenant in the other unit does too will both rents cover the loan, insurance, taxes, maintenance? 

Yes, but you will be subject to UBIT taxes. 

The second would be to spread out taxes instead getting hit all at once from Uncle Sam. 

Don't forget to save up for closing costs, property taxes, insurance, and any potential repairs that may be needed.Start by connecting with nearby lenders or mortgage brokers to evaluate your financial preparedness and investigate loan possibilities.

Transfer taxes, recordation taxes, lenders title insurance, owners title insurance, closing fees, lender fees, appraisal, survey, deed prep, recording fees, insurance, escrow 

Take a “break even” sale before interest, utilities, taxes, insurance eat you up?