I am thankful and looking for feedback from our professional tax preparers. 

In Nevada, property taxes DO NOT reassess on the sale.  

And you forgot to count the tax savings as returns.

Purchase price: $500 Cash invested: $1,123 Sale price: $25,500 A seller got behind on taxes for this 1.4 acre parcel in Colleton County and it was sold at auction.

I have been trying to break into the residential space on my own by driving for dollars, knocking on doors, sending letters, and cold-calling lists of vacant, pre-foreclosure, and tax-delinquent properties.

couple of questions1. are the taxes correct, will they go up after purchase/reassessment?

I smell a refi in your pipeline a year or so from now, remember this isn't a home loan, so "two years of tax returns showing a profit" is NOT a hard/fast rule at all to get the best terms.

Yes physical cash, I'm also worried about putting the money in to others bank accounts and then them getting taxed on the money because it'll look like income even if there just transferring the money to the lender.

However, a recent case highlights the importance of thorough documentation and substantiation when claiming deductions, especially for unconventional items like recreational vehicles (RVs).In a curious attempt to write off $40,943, a business owner argued that their RV qualified as a legitimate business office.

I'm filing my taxes using TurboTax and completed form 8824 for Fed purposes.