In San Diego, we call it the Sunshine Tax. 

fbclid=IwAR3Ym8qIkzl0e19FhTBJAjcXy3gJsS-VM5-c2r4v684wIQWH5MVPIjt5xfM ... if they pass proposed regulations... there are at least three different proposals in that article...As an owner of multiple STRs here - I don't mind a $200 a year tax on them... it will probably keep out many operators that are not as serious... regulations so often end up benefitting bigger operators (eg. hotels) and hurting true mom and pops. 

Potential ways to spread their tax burden over years as well. 

They want to rent it out while they travel and get the tax benefits of being in Nevada.

Unfortunately, the insurance/property tax cost creep is what it is.

How are my taxes calculated and what years would I pay for the profit I make?

i recently closed into a property which I bought from another investor who got it through a tax deed sale.

Can a qualified real estate professional with a W-2 income above $150,000 be allowed to write off rental losses on my tax returns?

I got sick and tired of paying outrageous taxes so I did some research and found Tax Free Wealth by Tom Wheelwright.

Obviously I want to minimize my taxes here.