If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Investors get stuck and cannot cash out because of tax complications.

The patent on the 30 year with taxes and insurance was 3900 or so.   

Invent a global tax (Carbon Tax) and invent a token of credit against those tax's (carbon credits) and shazam a market where traders can buy, sell trade, option, leverage, hedge against these and the flow of them.

Dig deep into tax strategy, tax efficiency, etc  Learn about estate planning. 

If you can rent it for enough to cover the principal, interest, taxes and insurance and still put money in your pocket, plus cash flow on the property you're purchasing, that would be ideal.

u can see these homes on my website. also if there is any way to manage it.. if you can figure out how to get paid as a WA resident you will enjoy the same no income tax status you enjoy now.. 

It reminds me of one of the TAX sale how to traveling freebie events that came to town last spring..

How do we minimize taxes on the profit we're making on this first home? 

Hard to give good advice without more info, but since You are single no kids it's hard to beat buying a single family fixer upper and living in it for two years and then selling for tax free profits....I'm a big fan of Waltham these days $.02