When I do the math on renting out a property, like in Texas, for a 1 bed and bath and compare it to the median rent for the area, the rental income doesn't cover the entire mortgage, property tax, fees, etc., of the property itself.

Anybody have some sample wording for a seller carry back mortgage note that is held inside of a tax deferred exchange? 

My question is, how should the partnership be structured so that each partner pays their share of taxes at the end of the year? 

So far, I am in the midst of purchasing a couple of mortgages and I have purchased tax liens and deeds. 

Wait until you get your property tax bills for the next few years....

Sounds like its a $4k tax planning fee and then they do your taxes as well for an additional fee. 

I estimated 2 months but we are looking to be at 3 months because my expertise and availability is more limited than if I hired it all out.- Document everything (receipts for taxes, all the work that you did yourself via photos and video, and your expenses in an excel sheet to make sure you're on track.

Don't miss the traffic, the taxes, the overbearing politics and government.As for lease options, I started investing with this niche about 30 years ago and I still use various lease option strategies today. 

In California more then 5 fruit trees is considered a Orchard for tax purposes, I can get the Orchard Tax exemption for first 4 years after planting. has any one tried this with multifamily properties?

I want to further expand my knowledge because I dont understand much of real estate terms, taxes, and everything in between.