Hello everyone, looking for some input from someone who may have done it in the past. My last years accountant made it sound like filing by myself would be easy this year as sole owner but I’m stumped on which forms m...

---,Upon review, I have discovered that the seller obtained title to the property through a municipal tax sale less than two years ago.

I am certain that there are many opportunities to consider on tax and business structure before buying so curious what some experiences have been. 

It's there to prevent hiding behind LLCs for shady reasons, including tax evasion.

Less wear and tear on the property = less of a financial burden while learning what it's like. 2.

Even if you have to pay more for the purchase think about the costs of carrying the real estate while waiting for the approvals  (debt service, property taxes, insurance, maintenance for the in-place tenant) and the additonal finance charges associated with originating an acquisiton/bridge loan and then a construciton loan at a later date. 

The co-op is the one selling it since the original owner didn't pay their taxes the co-op became owners.

Maybe we can learn something from each other.One thing I am learning/going through right now is taxes and what comes with that.

Additionally, you will still be responsible for paying the cost of the house and any associated renovation expenses, which may be a significant financial burden. it is important to carefully weigh the benefits and drawbacks before making a decision.

Tenants pay $2350/mo and after the rate increase, this no longer covers mortgage/taxes/insurance.