Assuming I meet the IRS guidelines for a real estate professional, can I do a cost seg and claim accelerated depreciation for a fix and flip property if I hold it for over a year?

Beaver County for example has an average home price of $84k so you can get a very standard house there, hop on the parkway and be in town in an hour or less (traffic depending).

Hopefully, some seasoned foreclosure investors will hop on here and offer up some more sources. 

Of course if you get closer to 4500 thats a GOOD price so hop on it.

PA, in its infinite wisdom, requires payment of real estate transfer tax even if you transfer a property from yourself to an LLC you own - it might be a pass-through entity for IRS purposes, but the state wants its transfer tax anyway. 

I'm going to try to hop on a call with them, but it would be great to get some hands on knowledge.REgards,Justin

@Dan Hedges most liens are “blown up” by the tax foreclosure save a few (off the top of my head so don’t quote me - IRS, certain environmental liens).

Therefore, the estate was inherited by the IRS, who was very motivated to sell it for whatever they could get, and couldn't be bothered to dig into how much rehab each house needed.  

Of course, happy to hop on a call to discuss further if you need more help here.

Hello,I've been reading a lot about the taxes involved with house hacking a SFH, but the main thing I can't figure out is what is normal/expected by the IRS for calculating the percentage of the house that shared expenses (like mortgage interest) can be deducted for to see if house hacking would be a net positive for me or not, since I've seen wildly conflicting amounts in different posts.