Purchase prices were $1.2M and $715k.DO NOT use Elite Tax Consulting!

I’m sure people who own multiple STRs have all the tasks memorized on what do prior to closing and post closing and before going live. 

Other liens like tax liens, mechanics liens, and municipal utility liens will also likely still remain.

Being the nearest city to California, the area is easy to manage, has low property taxes, and is favorable to landlords.

Most would agree the top three are interest rates, taxes and insurance.

I would like dabble in Texas, but the high property taxes along with high mortgage rate make it difficult at the moment. 

Tax Assessment – tax assessment for the property in question shows Land @ $48,920 and Improvement @ $174,300 (or a 22%/78% distribution from the total tax assessed value of $223,220).Wouldn’t be fair to use the $174,300 valuation as the basis for the CSS?

On the HUD site there are 1,128 Sheriffs Sales, 1,392 Foreclosures, 89,031 Bankruptcies and 222,031 Tax Liens with a map and the amount in each County.

I have read Amanda Han's tax book (first book) and started on the Advanced Tax Strategies and don't really see this mentioned. 

All the benefits of living near CA but no state income tax.