Tying up the property with no payment being made and property taxes accruing for 2 years is not uncommon.  

To me interest rate is just another expense like insurance and tax.

For example, I have been informed from a couple of banks that even though my current Airbnb totally offsets the mortgage, they will not take the income from the property towards the DTI calculations but rather take the gross income from the Taxes filed and consider the mortgage amount as an expense, which was hard to understand.

Any construction will come with LOTS of permits.I don't know SLT market, it's CA and im in NV, but I've helped more than one person sell in Incline and buy in Reno because the numbers work better for them.I suggest you look into property taxes, and tenant protections of NV vs CA. 

Delinquent Taxes or Loan in Default3.

For tax purposes, having LLC hold the title would be the ideal scenario.

In July I will be receiving $50k after taxes in an inheritance for investing. 

Additionally, buyers may want to consider consulting with a real estate attorney or financial advisor to ensure they fully understand their rights and obligations under the financing agreement.

Depreciation is a tax deduction that reflects the costs of wear and tear, deterioration, or obsolescence of the property.

But let's not forget the importance of cash flow, and the impact of federal state and local taxes on our assets and cash flow also.