Previously, I had been working two big corporate jobs, mainly in a back office accounting/tax function; however, after a series of life events, I realized life was too short to spend your days doing work you despise, plus, the money I was making at my 9-5 was not that exciting.

While acknowledging this issue, my primary concerns lie with the potential ramifications on increased property taxes and insurance rates for my properties.

Of course when you look downtown the home prices get much higher, however, there is a historically redlined area, that is still very close to downtown, and just because it's on the west side of the freeway and houses are less taken care of, you see homes for less.Developers are quickly snatching up properties because of this reason and because recent zoning laws have done away with single family zoning, so I'm feeling a sense of urgency to get into a home in this very specific neighborhood.I'm not a super personable guy and feel strange knocking on doors, so I started digging into delinquent taxes.

They can be written off in one year depending on tax law updates. 

From a purchase and tax standpoint, I would operate the business expenses as usual in the name of the LLC as previously done.

There's generational wealth transfer and tax considerations as well to consider as these types of transactions can by synergistic if done properly.

The current rent barely pays for the monthly mortgage and I am scraping through to pay for property taxes. 

All of this said, my partner has seen a ~41% internal rate of return on her investment, excluding tax benefits, in just the 6 months we have owned this property.

Collect interest and payments over time while maintaining an interest in the property.1031 Exchange: Sell a property and reinvest the proceeds into a similar property to defer capital gains taxes.

Plus taxes and insurance of $20000+ X 10 years= $200000You will need a $1,010,000 loan at 77% loan to value of $1,300,000 to pay them in full.You will need a FICO of 720 and $27000 monthly income assuming you don't have credit cards or car loans... assuming Jumbo loans are qualified similar to how it works today.