I do not have direct experience with leasing to tenants involved in domestic violence, but am aware that there may be special considerations involved in California.

My question here is, why do I see everyone mention the property taxes as a monthly expense to take into consideration, but not the income taxes that you will get charged for receiving income from a rental property?

Actually, you don't need to "buy off market subject to's"...or off market anything, get a specific $20k" Option consideration (I always get 5%...and pay 5%...and make money on the spread), and I don't (the tenants do) pay down the properties.You also can pay equal to or even higher than AP' on properties...and make more money than a different REI would have made if they paid less than AP.

It’s a older building and the association is messed up which is a major consideration for selling.

Without taking into consideration your COC return would be just over 4% for the first year.

As a newbie I'll definitely take that into consideration!

Redemption is another consideration.

I would spend considerable time learning all you can about owner financing and how to negotiate those deals.

No where in it are distributions taken into consideration, only taxable passthrough income.Again, Johnny and Sally are equally qualified. 

You can do this in most states, but there are considerations.