To get top dollar for a renovated property you're going to have to clear the title as it would be very difficult, if not impossible, to find a title company that will write a policy for title insurance on a property coming from a tax sale.

Is there anything prohibiting me from doing this tax-wise?

Hi everybody.I have a question on the tax/legal side here.Does an LLC created in the United States under the law of the U.S. and the any state, whose managers/members are foreign individuals, is subject to the FIRTPA withholding when selling a U.S. real estate property ?

I'd love to hear any tips you might have for someone who's just getting started.I appreciate your time and any advice you can offer.

Any additional tips for beginners like me would be greatly appreciated!

Remember Each City website has a place where you can look up the tax record make sure you take a look at that before you make any decisions, It can give you insights in to the Flood zones, HPC zone, ETC.  

Most are not as good at determining the accounting and tax allocations issues. 

This can result in higher depreciation deductions in the earlier years of ownership, providing tax savings.Tax Situation: Consider your tax bracket and the impact of increased depreciation deductions on your tax liability.

We took the depreciation on our personal tax return in 2022.

Far too many taxpayers draw up their tax return in their head without a real plan.