Wow – that’s not good from a tax perspectiveThe income – and deposit – would all be taxed in the year of receiptThere’s no tax break, no averaging, no postponing, it’s all just regular income"

Real estate investing courses/gurus/experts come and go just like the weight loss and diet programs - most are worthless. 

Actually, I've had my account set up on bigger pockets for a few months now, and I listen to the podcast regularly, but this is really the first time actually introducincing myself and participate in the forums. 

Is paying one-twelfth of my taxes every month along with my regular mortgage payment better or pay the whole taxes in advance will be better??

The reason why I ask is I am at work during regular business hours, so it would be difficult to go there with any kind of regularity.

There is a group of investors that meet on a regular basis in Murrieta that I am affiliated with.

I follow the 70% rule, I analyze properties on a regular basis and feel comfortable pulling comps for the areas I focus on.

Lian Shi - if you do a search here on Wendall deGuzman, playing around with HUD and various keywords, you should find information from one who does this regularly about how to wholesale a HUD home.  

Regular income tax applies.2) The specifics of tax amelioration are dependent on your circumstances, but sole proprietor is generally the weakest and worst position to be in from a legal standpoint and from a tax standpoint.

Under funded Reserves mean that when major items do require attention they either don't get it (parking lot that should have been re-paved 5 years ago but wasn't because there is simply no money to do it), or, hefty "special assessments" are levied that all owners will be required to pay in addition to their regular HOA fees.