Are you saying if you buy a distressed property cash at a lower price, the tax will be assessed based on that purchase price and thus getting lower tax? 

Hi John, if the seller's title company is the most reputable in the area and you have an open line of communication with them, when the listing agent, seller's lawyer, and title company have told me there are no liens it's clear, and I can give the title company the liens exceptions list from auction.com "Most liens are removed after a foreclosure property sale, but certain liens may remain.Here are some examples:Any lien recorded on title prior in time to the foreclosing mortgage.First Mortgage (if the foreclosing mortgage is a second or third mortgage)HOA or COA assessment liens (in certain states)Mechanic’s Liens (in some states)Government liens such as state and federal tax liens, city or county liens, US Government liens.IRS liens (IRS may buy the property within 120 days after sale at the price paid at foreclosure sale)Code Enforcement Liens, Environmental Liens, and Utility LiensChild Support Liens"to make sure the title insurance would have coverage for these exceptions, the list from auctions.com, would it still very worrisome to use their title company?

I am no longer purchasing this property.Hi,I am looking at purchasing a 50+ multi unit in Texas, but do not have experience in that state regarding property taxes re-assessment upon sale.

I understand since the bank is essentially paying the contractor with multiple draws upon work progress, they will have a contract with the contractor.

As time progressed and we were stacking up more projects, I ended up becoming a licensed contractor, even though I sub everything out now,  and have great relationships with my bank so that these are no longer issues, but that is how I was able to start the flywheel.

I'd like to start out wholesaling and progress to flipping.

Depreciation recapture is assessed when the sale price of an asset exceeds the tax basis or adjusted cost basis.Bonus DepreciationOne of the major changes with the Tax Cuts and Jobs Act of 2017 was the bonus depreciation provision, where business can take 100% bonus depreciation on a qualified property purchased after September 27th, 2017.

I can't say I've overcome these issues, but I feel that I have made progress.

We're here to chat, focus on progress, and to make sh*t happen.

Maybe reach out to the hosts and see how long they have been hosting and what the trends have been like.Good luck and keep us updated on your progress!