All the benefits of living near CA but no state income tax.

(we once paid $1800 to a big name plumber in town to replace 6in of plastic drainpipe under a stand alone tub). 3) We need better understanding of the legal structure (LLC) that we should have in place for our property, and also a tax advisor (CPA) to help with understanding deductions.

However, the tax basis will be a low $770,000.

Those tax savings could out way the benefits of renting.

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

Short term capital gains is your ordinary income tax rate and long-term capital gains where you hold the property a year or longer is considered long-term capital gains is in as taxed a lower rate.  

It is very hard to find a lender that will help include this income prior to it being on a tax return for 2 years.

I am looking to purchase a property in 35749 zip code in alabama, am trying to calculate property taxes and insurance, I got some estimates from my realtor ,just want to do my due diligence and check them, am using the below to calculate the property taxes, it shows .45% and do you have any contacts I can call to get a property insurance quote?

Let's talk about Capital Gains Tax.

Thanks to the Cost Segregation Study, the property investors accelerated the depreciation that the first year depreciation was approximately $182,900.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.