Look up the tax bracket and help show the seller how much money they would be giving away in taxes right off the bat from that $160k (unless they are doing a 1031)All in all.

If they have lived there for 2 of the last 5 years, they could do Subject To, Contract for Deed, and probably get the tax exemption.

I'm looking to for a personal property for myself, I found a really cheap 1br co-op unit.. this is in New Jersey.. especially in the area wont find single family or townhomes, under 300kThe price of the co-op unit is around 130k, but co-op wants a cash purchase also the fees are $600 a month which are the taxes and HOA feesyou have to live there 1 year before you can rent the property out.. rent for this unit goes for $1600 a month my plans were to live there for 1 year and then rent it out. 

In 2023 it brought in around $8700 TO ME (after PM fees (20%), taxes, and everything are taken out) when this places costs me $40K per year between mortgage and HOA fees and all the other incidentals that come with being an owner.

He's worked with them for six years, earns 4x the monthly rent, has a credit score of 725, and his last landlord of three years said he always paid on time and received a full refund of his deposit.

The biggest thing that helps me to make a profit on vacant parcels is not to pay much for them in the first place and to find property owners who hate paying tax on some piece of dirt they never set foot on.  

I self-manage and I just give my accountant for tax forms and total for whatever I spend in appliances or anything else.I need to upgrade my Quicken 2014 Home and Business.

Adding them to the title to avoid the property tax hike that will happen once my kids inherit the property. 

Any tax benefit for havingnegative cash flow i.e let say you have rentals with +ve cash flow that add the total income and for me i already have w2 so that extra +ve cash flow make me pay more to uncle SAM (which i don't mind as such, Uncle SAM can use that to fix the roads i travel) will -ve cash flow properties will negete the +ve cash flow with a long term goal that at some point the -ve cash flow will become +ve and i pay uncle SAM more to fix the road due to rain. is that your thinking too :)I am not a tax expert but a long time RE investor.

Our only challenge right now is maintaining cash-flow while managing increases in:- Interest rates- Property taxes- Insurance rates