Technically no, because most RE law and taxation is done at State level.What (I hope) he will improve is the economic climate.

Also, there is no difference from a taxation standpoint between a single member LLC and a sole proprietor.  

This is pretty standard with owner-financing.The use of debt-financing will create exposure to UDFI taxation.  

With more challenges to conventional lending, a lower median income than Anchorage, and a little uncertainty in terms of taxation, staying in a rental might have it's appeal for awhile.I remember the decline from the eighties, this is not the same story.  

As you do, take notes, and I suggest that before you do another investment, have a plan for dealing with the taxation.In every deal I have ever done, taxation was one of the three or four decision factors for buying, selling, holding, etc.  

There is no double taxation.

Tax deeds convey title to the purchaser free of all prior encumbrances (mortgage liens, judgment creditors, etc.) of any kind EXCEPT liens specified by Revenue and Taxation Code Section 3712, Lis Pendens actions and any Federal Internal Revenue Service (IRS) liens that are not discharged by the sale, even though the Tax Collector has provided proper notice to the Internal Revenue Service before that date.

It's complicated...Some useful links with info on current tax rates and equalization ratios in NJ state:http://www.state.nj.us/treasury/taxation/lpt/taxra...http://www.state.nj.us/treasury/taxation/lpt/lptva...

Keep in mind that the withdrawn amount will be tax at your income tax rate, plus a 10% penalty if you are younger than 59 1/2 years old.

However it could be a great tax saver if flipping is your sole source of income and retirement contributions are not a major priority for you right now.There is no cookie cutter approach to real estate taxation.