The tax ramifications of moving the property to an LLC should be discussed with an accountant or tax counselor.

I would buy bank/foreclosed/tax liens. maybe put down 5-20% down payment on a 4 unit. 

Their 10% cap rate valuation was even less than the town’s market appraisal to determine property taxes.

They always say that there are only two things that are certain in life - death and taxes.

I recognize we will not be able to offset active W2 income,  but if we do purchase an investment property that has some net positive cashflow, what are the types of tax benefits/offsets we can get? 

Section 8 can be a great way to fill a unit rather quickly as well as generate income! 

I would have about $100k - $120k in equity before agent fees, closing costs, and capital gains tax if sold.

But I am single so there is no second household income.

Seller-financing is the only option for me as my income is through my LLC which isn't older than two years.  

I will take rental income vs making 20k on a deal any day.