For those with a W-2, perhaps optimizing 401(k), H.S.A. deductions to potentially get tax benefits.

These two loan types are among the few exceptions that permit closing directly in the name of an LLC.Most of my clients initially take title in their own name, then later transfer the property into an LLC or land trust for asset protection or tax benefits.

Curious why any tax pro would argue with that.If filing state tax returns did not take any time or money, then there is no harm in filing them.

We need to learn more about how taxes work as foreign nationals investing in the USA, and what entities are best for tax/legal purposes. 

Unfortunately you don’t understand the 2nd home equity tax benefit.

I originally put in approximately $50k as the down payment when I first bought the property and I will hopefully make another $75K when selling the property.

@Simandu Yakubov You asked many good, thought provoking questions.If a seller or broker advertises pro forma, then they are typically pricing the property based on that with the hope of finding a buyer who's willing to bite off on it. 

I'd like to not "find out the hard way" if one of these sites are not a good match for me.The ones I'm considering are Propstream, Property Radar, ListSource, and PropwireSomething to note, I am looking to return to doing some wholesale deals, using criteria such as absentee owner, out of state owner, tax delinquent, vacant, liens, and pre-foreclosure..

With time hopefully the numbers will be even more in your favor with appreciation of the property and you will have cash flow to continue to invest, also it is building equity in your portfolio that you may want to tap for opportunities in the future.

The seller paid $492k in property tax in 2016 and the pro forma showed a tax expense of $472k in 2018 and $484k in 2019.