And the property assessment would need to be changed, and of course, taxes increased, as well as separate utilities.

(WI taxes on my corporate income, concerns from my employers perspective, etc.)Scenario 1: Request my employer mark my work location as 'Remote'. 

We are in the 2/5 years so we could sell and profit 200K+ tax free or we could rent with cash flow (not including mx) 1K/Month.

Other than that it's all goal dependent, do you want cash flow, stack big checks, and create tax savings?

Don't forget to add an adviser to your team to work with your CPA/tax professional to maximize the tax benefits available on each and every project.

I’m new in Dfw market and would love some tips

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

Any tips or advice would be great, Thank you!

CA for instance has hundreds of thousands of paper lots that were created between about 1900 and 1935. these paper lots get sold at tax sale all the time and its where a lot of the land geek type of players toil. 

IRS guidelines would require you to seek out a tax professional but i believe you are taxed on gifts above $14k.