(tax & municipal liens often survive the foreclosure - so if you buy one with those on it -  you are on the hook to pay them after the fact.)  

Real Estate Wholetailing: Close on a property and immediately list it on the MLS to sell at a profit.Owner Financing: Help the seller avoid capital gains taxes and give them a consistent passive stream of income without having to manage the property.While these strategies offer various avenues for real estate investment, thorough research, due diligence, and professional guidance remain crucial for success.

In San Diego, we call it the Sunshine Tax. 

They mentioned that primary residence owners get a tax exception.

And yes, I already filed my 2023 tax return.  

Potential ways to spread their tax burden over years as well. 

fbclid=IwAR3Ym8qIkzl0e19FhTBJAjcXy3gJsS-VM5-c2r4v684wIQWH5MVPIjt5xfM ... if they pass proposed regulations... there are at least three different proposals in that article...As an owner of multiple STRs here - I don't mind a $200 a year tax on them... it will probably keep out many operators that are not as serious... regulations so often end up benefitting bigger operators (eg. hotels) and hurting true mom and pops. 

They want to rent it out while they travel and get the tax benefits of being in Nevada.

Unfortunately, the insurance/property tax cost creep is what it is.

How are my taxes calculated and what years would I pay for the profit I make?