The LLC should help you lower transaction costs since you as the LLC Manager can buy/sell property, taxes, etc by writing checks from the LLC's business account.I rolled my SDIRA from Equity Trust, no LLC (poor service, high fees) to Madison Trust w/LLC about 6 years ago.

I got these questions from this: House Hacking & Taxes (the Implications You Need to Know) (biggerpockets.com)2.

I keep telling him that we’ll need to jump on something once the flip is done otherwise we’ll be paying more in taxes. 

At this point I will have pick up about $450K in appreciation after sales costs, but that is before taxes and I am in a high bracket. 

I have a lot of investors that buy in TN for example and the taxes in some counties are crazy low $400-$600 annually.

Our numbers were PP $258,000 ($359,000 Tax assessment),  Rehab $70,000  ARV $400,000    Appraiser AS is $285,000  ARV $350,000    Appraiser cost us $1950,00 because we're in AK The loan so far is as follows......total of $317.296  with a $43,200 hold back for reno, not 70k, $13,489 in fees....8.49% interest and our down payment of $52,000Lots of hoops but I guess we have a Credit Line of $650,000 for 1 year.....I need to find out yet how it works with the next loan, if I need to jump through all the hoops again ? 

Your cost to attend court is a tax deductible expense but I don't believe it is something that can be added for the judgement.

Also, for a situation that owner simply refused to pay insurance/taxes and let it go foreclosure.

Taxes 3.

You’re on the right track. remember the tax man is going to get his.