The second property will be purchased with a mortgage (you can determine how high or low the leverage will be by adjusting the proceeds you use or the price point of the 2nd replacement).You are adding some measured debt at a level that your dad can be comfortable with. 

The owner doesn't need to show alot of additional income for tax purposes but wants to sell the house.  

My wife is about to go back to school so she will not be contributing income as well as she will be tacking on a lot more debt to her initial student loans.

I am a little concerned about the high property taxes in Texas.

We've both spent 100+ hours through various means over the past year - are we able to run a cost segregation study that would benefit both of us from a tax write-off perspective or only the person who spent the most time?

Ive recently started the process of looking for multi properties home in my area but soon come to realize that I would be losing and going into debt if I was to buy.

I have a tax question regarding how to report my rental income when my tenant made and paid for improvements and I am reimbursing them by lowering their monthly rent. 

It's 2.5 years old with a tax abatement that ends on 12/31/26.

Can anybody advise me on how to treat this for tax purposes? 

And is it better for a wholesaler to buy/sell a home under a tax foreclosure or a mortgage foreclosure?