Because they will lose out on tax revenue, since you got the house for lower than it it is currently assessed at you can fight your taxes and get them lowered.

If you been filing US tax returns while in Japan (legally you should have) then even with a lower credit score you could possibly get a loan. 

How would I distribute profits or will it be considered pass through income at new lower rate?

Unless your goal is to pay off the mortgage, then it's better off with lower tax.

To over simplify, historically  any coastal states will have a greater appreciation in value then in land states, however middle states have a greater possibility of cash flow, in part due to their lower entry price. 

@Cindy ChanIf your mother gifts it to you - your basis in the property is the lower of her basis or fair market value at time of transfer.Ex. she brought it for $100,000 10 years agoit is now worth $90,000Your basis if she transferred the property to you would be $90,000 + the cost of any repairs you made.If the basis did go down - I would prolly see if she can sell you the property.

They set up a phone call and I am sure they are going to lower the price.

Based on “substance over form” principles, it ruled that the IRA did not really own Roth Inc for two main reasons:• The IRA’ were exposed to no significant risk; and• An independent person in the IRA’s shoes could not realistically have expected a benefit.Since the IRA did not really “own” Roth Inc, the income really belonged to the taxpayer – and putting that money into the IRA resulted in a taxable “excess contribution”.More specifically, the court held that a $500 investment, absent any other significant risk, does not give rise to any real risk for the IRA.

Best way to offset this is to pay any credit cards before the statement cuts so they report zero balance and try to raise the limits thus lowering your overall credit utilization.

This property is in a safe, but lower income neighborhood.