If you've owned the second home for more than a year, you'll typically pay a long-term capital gains tax between 0% and 20%, but if you didn't I'd think you owe Uncle Sam.

Now im investing on my second tax deed sale of a lot that is over a half acre and is in the retirement side of lake sam rayburn.. and also looking to start a 3D scanning business since i can find anyone that does it in a 100 mile radius.. just not sure which i should do C/S corp or LLC

@Sam Ajouz I design those master planned communities as the Engineer for the developers.

Sam and Derrick, thank you for your responses.

Thanks,Sam 

Sam, welcome to BP!

Sam, you bought one depreciating asset that is under water - so why buy another depreciating asset.

Sam, We just submitted a file that was already listed.

I agree with my brother Sam W., THAT is the quickest way to invite squatters, as well is the joyous individuals who will rip out all of your copper to supplant their crack habit.Go guerilla and do Craigslist and DONT put the address.YMMV,Tevis

Sam W.