Can anybody advise me on how to treat this for tax purposes? 

It's 2.5 years old with a tax abatement that ends on 12/31/26.

The owner doesn't need to show alot of additional income for tax purposes but wants to sell the house.  

I am a little concerned about the high property taxes in Texas.

We've both spent 100+ hours through various means over the past year - are we able to run a cost segregation study that would benefit both of us from a tax write-off perspective or only the person who spent the most time?

I have a tax question regarding how to report my rental income when my tenant made and paid for improvements and I am reimbursing them by lowering their monthly rent. 

Or does that also need to be refunded (under California law)? 

Can you tell us more about how that evolved and how common such laws are?

Each LLC is multi member so they probably file taxes as a partnership. 

And is it better for a wholesaler to buy/sell a home under a tax foreclosure or a mortgage foreclosure?