I am concerned because in case I want to sell the house at some point, I'd like to reduce my capital gains taxes as much as possible.

If you live in it for 2 years, there's no tax on your gain.

If I can get a quick sale I'll avoid the capitals gain tax, but that may not happen.

Once I purchase at tax sale, I drive to the house, gain access and change the locks.

Hello...I am new here and learning so much valuable information.

(assume that I'd be able to get qualified for the loan and that it would be "reasonable" to be able to pay back the 40K in the time specified)after re-reading, i assume the investor would need to be a lienholder from the beginner under any circumstance...but is that even possible, or would I have to buy the house "with" the investor, which i'd rather not do...also, do not dwell upon the legal details of the arrangement, i have people that I could do this with on a verbal contract not to mention a seperate written contract that protected their investment+interest in the event I sold the property for a gain...I'm much more concerned about the actual numbers/percentages and how realistic this proposition is from an investment standpoint, not a legal one..

I hope to gain some insight from your experience!

My education level is coming across, but I still need a few more months until I am ready to embark on my own journey.In the mean time we will work diligently on decreasing student debt, cc debt ratio, and other open loans.If anyone can assist me in gaining a mentor I would be very appreciative!

It will make you a better person, teach a valuable lesson, and save your business.

Someday you'll likely get to the point where youpass on many deals that you would jump on today, your abilites improve and your time becomes more valuable as you require a higher yield for your troubles. :)