@Cristo Heatherdale @Austin Faux @Norberto VillanuevaFound the forum that states google chrome doesn't like to do mentions, so I hopped on IE to tag you all.

My advice is do your research on the property, get the title search BEFORE going, look at the page and book numbers and make SURE it's the first that is foreclosing and don't let an IRS lean scare you. 

We use property management as well as an enrolled agent for taxes (in case we were audited by the IRS, an EA can stand in our stead).

But, this brings up another point.....what do You do when you get a lease deal on a house, turn around and resell/lease on a lease option to some off the street buyer, collecting an option fee I would guess......then you find out later additional/new liens get attached to the house for more than the house is worth (IRS, judgments, whatever) since the house is still in the seller's name, and now the seller can't sell and all your tenant buyer's money is down the drain?

Why find the best deals out there, bust your *** then wholesale it to some other investor for $10,000 and lose a quarter of that to the IRS (depending on your tax bracket).

He is a licensed CPA and former IRS auditor.  

Your biggest partner in most investment transactions is the IRS.  

Lucas Hammer You don't need a CPA to figure out your basis any more than you need an electrician to replace a ceiling fan.Nothing wrong with hiring an electrician to do it if you don't have the time or desire to read some instructions, but it's not necessary.There's a well written summary on the TurboTax community site, but you can read the IRS bulletins directly as well: https://ttlc.intuit.com/questions/2308928-how-do-i-calculate-cost-basis-for-a-duplex-that-i-lived-in-for-several-years-prior-to-selling-in-2013FWIW, I work with a CPA and still calculate the basis for our purchases / development.

Hey Everyone,I have someone needing to sell a house in Lancaster, PA because of IRS liens.

@Joe Taylor,The IRS is not always so subjective.