There are also tax considerations, such as depreciation and IRS Section 121 Exclusion.I would probably keep it as a rental for two years and then consider IRS Section 121 Exclusion; I would probably still keep it as a rental at that point, and if interest rates get below 6% I would consider a cash out refi to buy another investment property.If you do keep it as a rental I would recommend you pay for pool service, this is something that should not be passed on to the tenant as it can cost you big time if not properly maintained.

Baltimore property taxes are also pretty high, quick flips are profitable and if you or your investors know what you/they are doing, Baltimore is a great market.

It's about finding a property at a fair price and negotiating the best deal.This deal, with the state tax lien involved, in sketchy.

1. 90% sure you'll be hit with Captial gains tax on the sale - Check with cpa.2.

If I am able to make tax deductions or write offs from repairs/ maintenance items how can I do so?

Feel free to ask the BP Forum your tax question. 

You could use term life insurance to offset taxes.  

I heard that this can be beneficial for the seller cause it can help them avoid tax obligations.

Highest conversion rate you can get with these folks.3) Pre-foreclosure/tax isues, etc.

I just had my annual appt with my tax guy and he advised now is a HORRIBLE time to get into real estate and that I'm better off in stocks.