The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

The state forecloses when taxes are delinquent for the most part. 

Are there other creative tax strategies that involve real estate that I should be looking into?

@Chris Dawson What is the tax rate for the MO side on kansas city.

Nevada's Taxes: - Nevada's property taxes DO NOT reassess on the sale. - No state income tax. 3.

Matt is correct, federal privacy laws AND our agreement with our screening provider, don't allow us to share confidential information with anyone outside our company. 

Costs for the home are more than the mortgage, you have property taxes, insurance and for rentals vacancies. 

My total cost after insurance, taxes, etc is $2278.How did you find this deal and how did you negotiate it?

@Mica MooreI recommend finding a tax strategist who specializes in real estate taxation and retirement planning.

@John CookYou're asking this on a forum which features over 20 tax professionals specializing in real estate.