If so, you get the personal exemption of avoiding taxes on up to $250,000.

Yes, rental income is taxed as ordinary income.

Here;s the key : Postion your investments in real property so that the investments can take advantage of ALL of the following: 1- cash flow 2- equity build up through loan amortization3- price appreciation4- tax benefitsThe LEAST important of the 4 above are tax benefits as investing through a retirement fund, ESPECIALLY ROTH, will provide tax shelter itself.  

It’s crucial to ensure you’re compliant with your city’s requirements, including permits, taxes, and safety regulations.Ok - that was just a stab at it. 

Leaving me with a payment including taxes and insurance of about 1600 a month for another 30 years.

In addition, what will happen to the tax write off since both properties are paid off? 

The same holds true for tax lien sales.

Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022.

Does anyone know the process and timeframe for obtaining an Insurable Title after a tax sale in NV?

I am getting only 1.5% returns without taking into account the equity building portion.Mortgage tax write off is 0 as I currently pay mortgage on my primary residence.I have used this property as my primary home for 2 years in last 5 years.