Seek advice from legal and tax professionals to establish the most suitable structure for your US investments.

The only cost the deal needs to absorb that's relevant is the interest, and even that is really just the delta between the actual interest paid and the tax savings on that interest on your federal return. 

If it's a tax foreclosure, to @Bruce Lynn point, the bank will normally pay the taxes before the sale. 

You are in a world of tax pain doing that.  

Looking for a property in a good school district (B+) with lower property tax.

Out of money and options, he licks his wounds and lets it go for back taxes. 

@Ronald Benson Yes, you have to make sure it is the first mtg foreclosing….not a second mtg or hoa, and check for back taxes, etc.

Separate LLCs with their own bank accounts tend to keep things cleaner come tax time. 

Any tips, tricks or suggestions to point me in the right direction?

And since I get great tax write offs on properties, why would I buy treasuries?