The only cost the deal needs to absorb that's relevant is the interest, and even that is really just the delta between the actual interest paid and the tax savings on that interest on your federal return. 

Looking for a property in a good school district (B+) with lower property tax.

If it's a tax foreclosure, to @Bruce Lynn point, the bank will normally pay the taxes before the sale. 

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

There may be tax advantages, cash flow, and other benefits.

@Ronald Benson Yes, you have to make sure it is the first mtg foreclosing….not a second mtg or hoa, and check for back taxes, etc.

Should I use a Warranty Deed or a Quit Claim Deed?

Otherwise all that taxes will come due in one year, not good.

Usually, you should bring over your trial balances as of last year when you filed taxes, YTD all activity and all data including tenant balances etc to the new PM Software.

And since I get great tax write offs on properties, why would I buy treasuries?