This is when the taxes are due and the seller will recognize the gain.

You don't actually own the property until the sale is ratified by the courts as a foreclosure is a legal process though you are generally responsible for the property taxes for the property from the moment you win.

But want to retain my Fathers' Prop 13 low Tax basis when transferring ownership under California Prop 19 im told by the County tax accessor i can what's the best type of loan to buy my Sister out.

All that combined with low property taxes, no income tax, and landlord-friendly.

That means that whatever the sum of the Principal + Interest + Monthly Taxes + Monthly Insurance comes out to be, as long as the rental income exceeds that then it will qualify.

So we have the inherited tax rate.

I started off, wanting to get into RV parks however, I got sidetracked and now I am interested in tax lien and tax deed certificates.

If you are new to buying at trustee sales I recommend studying a bit and learning how to conduct due diligence with regard to lien position, IRS liens, property taxes, title issues etc.

I’m 21, and after taxes and all expenses I have $55,000/ year I’m able to invest.

Insurance companies often obtain the floor area from the tax assessor and base their coverage on that, @Ryan Fox.