IF, you are being smart with your money.

For my car, I saved $200 a year on insurance by not getting coverage for my front windshield (which when I did have it replaced cost me...$200).  

If you think hiring a CPA to discuss your plan, how you can do it, and all the roads you can take with that, than that is the best option for you!

For less risk, consider hard money or a business LOC.Remember that LLC might help in tax savings if you are going to have decent profit.

I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.

by money order?

How are other Buildium users out there handling this?  

These are excellent if you can do a 12-14 day close. 

Doing it in December will not save you any taxes anyway.

Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?