I could sell the property on the market but I think after fees and taxes, I would be at a loss.

Turns out, as we all expected, the law wasn't followed at all regarding the gouging tax increases last year.

It may be the best option but there are quite a few other strategies as well that could help lower your tax burden when you move on from this current property.

Unless paired with the above, these are usually thrown out in tax court. 

However if you decide to get those new power tools you want on the business credit card and your business is a tax firm like us, its going to be hard to justify to the IRS (and your wife) why it was a valid purchase for tax purposes. 

And then they deducted $10k/mo is lost rent from their taxes. 

However, when I contacted the township's tax department, they state that the property tax should not increase that much.

Please comment/connect with me if you are a:- Property Manager- Hard Money Lender- Contractor- Tax Professional/Accountant- Insurance Agent- Real Estate Attorney- Financial Advisor- Meetup Organizer- Wholesaler- Other InvestorI live in Scottsdale so hope to connect with people local to the Phoenix area, but always open to connect with other people in the state or even nationally!

We have the capital to weather the slow seasons and yes the mortgage is our biggest expense about 55%-60% not including taxes/insurance. 

She claims that is not possible.