You need to get your own insurance quote, understand what YOUR tax bill will be (will the assessor revalue the property to purchase price right away?)

Maybe your area will be different, but that size property fits insurance claims, corporate relocation of a family, etc.

I’m also fine with breaking even as the STR is more of a tax play for me.

Here;s the key : Postion your investments in real property so that the investments can take advantage of ALL of the following: 1- cash flow 2- equity build up through loan amortization3- price appreciation4- tax benefitsThe LEAST important of the 4 above are tax benefits as investing through a retirement fund, ESPECIALLY ROTH, will provide tax shelter itself.  

But be sure to ask your accountant even if it’s just the local H&R Block guy because it’s probably all a tax write off.

Yes, rental income is taxed as ordinary income.

Do you do taxes for CA?

if I could find a deal at $300/month profit after principle, interest, taxes, insurance, and a $100 maintenance reserve I would say it’s worth doing now (ie.

Does anyone know the process and timeframe for obtaining an Insurable Title after a tax sale in NV?

Is the $775K inclusive of the closing costs, transfer tax, land, architectural drawings, engineering drawings, township approvals, legal fees, holding costs (during construction), realtor fees?