Any other surprises such as higher tax rates, preservation requirements, flood insurance, etc?

The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

Since land values tend to be higher in the resort areas, that can have a negative effect on tax benefits.

It's tougher to makes those BRRR deals pencil in TX because of the properties taxes and insurance (also HOA's since you're in Houston).

Hey @Christopher Eduardo, Please talk with a tax lawyer to make your final decision, but in general: In a Chapter 13 bankruptcy, a debtor creates a repayment plan to gradually pay off their debts over a specified period, usually three to five years.

Section 8 comes with benefits like reliable government-backed income, potential tax advantages, and lower vacancy rates.

There are big benefits in holding a property rather than buying a new one such as that the property taxes will be lower due to not being reassessed as they are on sale.

Get a CPA to advise I AM NOT A CPA THIS IS NOT TAX ADVICEIRS site: https://www.irs.gov/instructions/i1040se#en_US_2023_publink2... 

I also want to be able to utilize the LLC to take advantage of the many tax codes an LLC offers. 

Tax.