And whatever taxes are owed (unless he's talking about income taxes) should be in holding costs. 

She was told if she doesn't have 2 years of tax returns, then she won't get approved.  

Duplex house - 2 units both 2/1 (good condition)Estimated sale price $310kQuoted payment 7.5% (25% down)$2068.96/month (assuming $150/mo for insurance and $293/mo for taxes)$87,149 cash to closeAnnual cash on cash return 3.6%cashflow $252 monthlyBoth units currently occupied and lease signed through April 2024I will be using property management for this property because it’s out of state for me. 10% fee. 

Hi all, Do you guys pay income tax on the rental properties you own in the city of Cleveland?

I do have a follow up question, would we not save on taxes by doing a BRRR strategy vs buy and hold ?

While you are considering options, be sure to consider the ability to leverage tax benefits available with investment property. 1.

Through depreciation, other income taxes are offset, through debt paydown and appreciation, he's going to gain $thousands per year in equity.Subjectively, it may appear not to be a deal, but if the buyer understands these factors and wants the property, an entry fee under $10K sounds like a deal. 

Thanks to the Cost Segregation Study, the property investors accelerated the depreciation that the first year depreciation was approximately $356,000.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Hi BP community, I have a unique homestead tax question.

*NOT a tax expert/CPA!