I've also filed my personal 2023 tax returns and have those available with the STR income included.

The trick will be to find one that has enough rental income to offset the taxes so you can make some money.

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?

You will have payroll and tax filings.  

If that is the case I will be missing out on significant tax savings.

We both live in Ohio, but I think there are probably tax and legal benefits to registering in another state, such as Wyoming. 

If you sell there will be a large capital gains tax due. 

He does not have previous landlord since he owed a house in utah when he was working there at the military base for 6 years.  

Example belowwe found a house for 900 a month rent Asking price was 59900. taxes 1400, insurance 800, renovation budget 25k mostly cosmetic and minor fixeswe went into it expecting a 15% return on our cash out  that gave us a expected cash out loan around 75k to get our 1.4 dscr   When we plugged our numbers  we could go over 47k on our offer to make the deal work  we offered 43 and got counter 47,5  we took the deal assume a slightly lower 1.38 dscrthe key is to scale and be selective on tenants AND not allowing pets (you can offer them but suggest crazy fees to cover yourself)  500 pet fee, 25 a month per pet etc.  

You will need to figure out what your monthly payment will be for the property (mortgage, insurance, taxes).