The key is hiring the administrator that understands beyond the typical Wall Street casino "managed funds" nonsense and into the realities of secured lending.

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.

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

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. 

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

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