SDIRAs can only obtain non-recourse loans (total = $100,000)- After closing on the 2 loans, I pulled the money out (aware of my taxes and penalties that will be required) and purchased the Middletown duplex for $74,900.- I cashed out refi'd the Middletown duplex (using conventional financing).

I am putting 25% down at a 3.25% interest rate so my mortgage with HOA of $334, insurance, and property taxes will be about $2640.

Here are the details:$319k (with an ARV of $319k)15 bed / 6 bathGross rent: $9050/monthMortgage: $2799.45 (100% financing at 10%)Total Operating Expense $3849.33/month (Maintenance 17%, Vacancy 7%, tax and insurance included)Monthly Cashflow: $2401.21If you have any thoughts on this property, I'd love to hear them.  

Tax lein and gas $17,000 in the 44105 zip code.

For example starting payroll, filling W-9 for independent contractors, tax rules, bookkeeping e.t.c?

In Florida, for example, if you were doing what you describe you should be collecting taxes and sending them to the county and state. 

Then I pay taxes on rental income.

Found a house with the tax deed up for sale.

All that matters is that if you want to defer all tax you purchase at least as much as you sell and use all of the proceeds in the next purchase or purchases.  

Even so, I'd be hesitant to buy one of those Downtown without putting serious consideration into the upcoming tax reval, which could cause property taxes to soar for owners in this part of the city.However, not all hope is lost if you're willing to entertain options elsewhere in Jersey City.