There may be other things I'm unaware of that come into play as well- taxes, liability laws, etc.  

Hello Bigger Pockets Community,I'm currently engaged in cold calling homeowners whose properties are nearing tax sale, and I'm encountering numerous LLCs that have forfeited and are inactive.

I gave an owner $4500 to stop a tax foreclosure on his property in exchage for an Option to purchase it for 18K sometime in the following 10 years.

., tax savings) might be more important than immediate cash flow.

@Kris HaskinsA lot to unravel but if they recorded your deed for purchasing the property prior to the ratification of the sale then that creates issues which the lender should have gone with your closing.The agents and title companies in this are a mess as how did it not show up on title or with the listing agent what was going on.

Hi everyone, I filled my taxes jointly for the first time.Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.Is this correct?!

Get ready for the property taxes to jump after you make the purchase. 

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

Yes, but you will be subject to UBIT taxes. 

The second would be to spread out taxes instead getting hit all at once from Uncle Sam.