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

I have accumulated some money to get at least 2 rental properties. 

@William Willis  The tax sale is void.

Can I deduct the closing cost in my rental property taxes for 2023.

I would talk to a lender, they look at your Schedule E section of your tax returns and add back depreciation, so basically, as long as that number is greater than the mortgage, your property will be a net zero on your debt to income ratio or it will be at a positive best case and small negative worst case, so you only have to really qualify for the next property. 

Anybody have some sample wording for a seller carry back mortgage note that is held inside of a tax deferred exchange? 

When I do the math on renting out a property, like in Texas, for a 1 bed and bath and compare it to the median rent for the area, the rental income doesn't cover the entire mortgage, property tax, fees, etc., of the property itself.

My question is, how should the partnership be structured so that each partner pays their share of taxes at the end of the year? 

Wait until you get your property tax bills for the next few years....

Sounds like its a $4k tax planning fee and then they do your taxes as well for an additional fee.