Im in NJ, but not sure it's the right market for me due to very high taxes and cost of houses. 

In your case you have a lot of losses in the time you own the property but these losses transfer through to your personal tax return, so you can recover some of it and not have to count the full nominal amount.

Heck, you gotta pay taxes on it too, and you also run the risk of the unforeseen and problems along the way with a rehab.Lets see, I paid my fees and got back on MLS last May, and signed up for Privy.

You will learn about property management, taxes. contract law, and people management. 

How can I get over the counter tax deed list.

I have been looking for a home in Southern California... which I do not want to go the typical route because of competition and also my tax returns are not so friendly to conventional lenders.  

Heh, heh, heh By deeding it back to the seller, the buyer causes all kinds of other unanticipated legal and tax problems.

You can find good deals on the foreclosure list or tax list. 

Tax Benefits: Florida has no state income tax, making it an attractive location for investors seeking to minimize tax burdens.5.

Thanks Your rental income (does not matter if long term or short term) of your schedule E is calculated using this form: https://content.enactmi.com/documents/calculators/Form1038.C...Your schedule C income will be averaged over the last two filed taxes returns.