Strong job growth, landlord friendly, and 4th lowest property taxes in the US make investing in NV make sense on paper too.  

Because tax and logistical benefits are so different. 

Their basic strategy is to blast the MLS with lowball offers and flip the contract prior to close of escrow.

(lower PITI) Get cheaper property taxes - argue with county with a Property Assessment Appeal that your home is worth less than what they appraised it for, thus lowering your property tax burden (portion of your mortgage payment)4. 

A rental pays no self employment tax. 

It will take me 2.5 years to recoup the cost without taking into account tax benefits.

No W-2s, pay stubs, or tax returns are required. 90% of underwriting is based on the property not the borrower.   

We are doing everything we can to hold off until then but with the increase in taxes, insurance, and debt; it's really getting difficult to be able to wait it out.

@Gavin JexSo you want a bank loan and then seller finance as wellA bank would not be in second position so they as the owner / lender would be in second.Also 0% they would still be responsible for taxes on that at AFR so if your payment is $300/mo the loan would go off federal rates so they would essentially have to claim around $5k in interest income which would be ordinary income so they may end up paying all of your payment in taxes… just fyi if they did speak with someone on thisSounds like a steal if deal for you

Hey Ralph,Typically if you sell a property or any asset for a gain within 12 months, you pay capital gains tax at your tax rate.