Hello, I purchased a piece of vacant land in LA county through tax sale.

Hey BP Fam, I am a current wholesaler that came across a property with a $120,000 tax lien on it.

Checking most recent tax year for tax prorations, instead of most recent mill levy (big difference since taxes went up 30-35% last year, $10k screw up I saw in real life by a buyer last year)3.

They can leverage their network and expertise to find potential deals, including off-market properties.It's crucial to think about the downsides of gap funding and explore other ways to build savings.

Your greatest challenge is going to be running this management company without the appearance of co-mingling all of the LLCs together.Bear in mind that one of the things that you'll be doing here is converting Passive Income to Earned Income via the Mgmt Company and that will be subject to self employment tax whereas had you left everything in the property LLCs, you'd have only passive income. 

From what i have heard, taxes 2% of the sales price, insurance varies between $3-5k, and HOA also varies.

Basically trying to get the most tax benefits and protection as possible.

My tax lady said it’ll be considered a loss and not to worry about it.

For example the last rental property we purchased we owe on it about $86K and if paid off would cashflow an additional $600 per month.Because of our household income I am worried that paying off properties would bring us into tax brackets. 

Insurance has gone up quite a bit, property taxes and HOA fees as well.