You need to get your own insurance quote, understand what YOUR tax bill will be (will the assessor revalue the property to purchase price right away?)

I’m also fine with breaking even as the STR is more of a tax play for me.

Any tax experts know if this is true or not? 

But be sure to ask your accountant even if it’s just the local H&R Block guy because it’s probably all a tax write off.

Yes, rental income is taxed as ordinary income.

Do you do taxes for CA?

I invest and help others invest in Cedar Rapids, Iowa and know a couple neighborhoods where the tax assessed value is lower than other neighborhoods (same house), but just have a poor stigma/border thriving neighborhoods, so the spill over is and will continue to push into these neighborhoods.#4 You can take this questions 2 ways. 

If so, you get the personal exemption of avoiding taxes on up to $250,000.

Does anyone know the process and timeframe for obtaining an Insurable Title after a tax sale in NV?

Is the $775K inclusive of the closing costs, transfer tax, land, architectural drawings, engineering drawings, township approvals, legal fees, holding costs (during construction), realtor fees?