I understand that I will pay 10% in penalty as well as 24% of state taxes on it as well, leaving me with $50-55K.

The owner doesn't need to show alot of additional income for tax purposes but wants to sell the house.  

You can always complete a line of credit or cash out refinance and repurpose that equity while keeping the asset (all tax free money). 

Property tax for each city and county is very different13.

I am a little concerned about the high property taxes in Texas.

We've both spent 100+ hours through various means over the past year - are we able to run a cost segregation study that would benefit both of us from a tax write-off perspective or only the person who spent the most time?

I have a tax question regarding how to report my rental income when my tenant made and paid for improvements and I am reimbursing them by lowering their monthly rent. 

It's 2.5 years old with a tax abatement that ends on 12/31/26.

Can anybody advise me on how to treat this for tax purposes? 

And is it better for a wholesaler to buy/sell a home under a tax foreclosure or a mortgage foreclosure?