@William Willis  The tax sale is void.

At least I will build equity and have some tax advantages, or even pay a lower price as a result of the high interest rates.

Just trying to see best way to play the tax game.

Can I deduct the closing cost in my rental property taxes for 2023.

It's out of state, so our LLC is formed in our home state, and foreign filed in the other. 

Anybody have some sample wording for a seller carry back mortgage note that is held inside of a tax deferred exchange? 

When I do the math on renting out a property, like in Texas, for a 1 bed and bath and compare it to the median rent for the area, the rental income doesn't cover the entire mortgage, property tax, fees, etc., of the property itself.

I would talk to a lender, they look at your Schedule E section of your tax returns and add back depreciation, so basically, as long as that number is greater than the mortgage, your property will be a net zero on your debt to income ratio or it will be at a positive best case and small negative worst case, so you only have to really qualify for the next property. 

My question is, how should the partnership be structured so that each partner pays their share of taxes at the end of the year? 

In California more then 5 fruit trees is considered a Orchard for tax purposes, I can get the Orchard Tax exemption for first 4 years after planting. has any one tried this with multifamily properties?