Texas has been the belle of the MF ball for many years but investors and operators I trust are having questions about Texas - insurance costs property tax costs and weather related issues. 

The rentals are also taxed, of course, but Airbnb and VRBO automatically collect those fees when each stay is booked.

In addition to no state income taxes and pro-business government, the cost of electricity is relatively low.

That would need to be specifically addressed in the assignment though.Now it is common that in most real estate transactions that certain fees/expenses are paid for by the buyer (lending fees, half the escrow fee, appraisals, inspections, survey, and attorney fees for the deed of trust) and certain fees/expenses are paid by the seller (title insurance, half the escrow, prorated taxes, prorated rents, deposits, and attorney fees for the deed).Now it is common that in many wholesale transactions, the contract states that the buyer is elected to pay all closing costs.

I started flipping houses through my LLC last year and don't trust continuing to file my own taxes.

I use mint for budgeting and keeping track of my expenses, including those which are tax deductible, and find their system extremely intuitive. 

You also likely got pushed to a higher tax bracket or more of what you earn now goes to the Government.

The gains are not realized yet, so you can move the equity without paying taxes on it. 

I understand that when you purchase the replacement property, any difference between the value of your current property and the one being replaced will be taxed.

Coming from L.A. to Vermont, the RE laws and prop taxes suck...