Another avenue you might want to consider is tax deed land sales that start coming up toward the end of the year.

My taxes are around 2100 yr with insurance at around $600.Is my investment in this property the 17600 difference between the current loan amount and the original value?

Hi all, this is my first real question here... a CPA recommended that for a residential rental business in NC I should start an LLC but buy the homes in my own name because a business cannot deduct the mortgage intere...

@Gary MontgomeryYour first year is going to be the most difficult because you will not have any tax returns as a SE investor, which is heavily weighted for bank underwriting. 

The LLC already has EIN # and state tax ID#, separate bank account.Advance thanks.

Simple question: Can I pay my wife to clean a rental property instead of hiring a cleaning company and claim it as a tax deduction, or is that unethical/illegal?

Here you can turn one year's tax return (or one year's contribution to a self-directed IRA) into a down payment on a new rental property. 

2- How to structure the business to get the most tax benefits, taking into consideration that 50% of the company will be owned by a foreigner?

Tony will be listed as the contact on the appraisal engagement letter the lender sends out.I also recommend putting together a similar professional packet for your lender including the analysis, rehab costs, tax returns, personal financial statement, real estate portfolio and bio on your self.  

The commercial space exterior also needs a face lift, but there are grants available for this that will match funds up to $2,500.Expenses:Management: 8%CapEx: 5%Maintenance: 10%Taxes: $3400Insurance: $2900Levy/Rental Fees: $1000Sewer: $1400Water: $1080Garbage: $900