I have constantly under estimated the cost of escrowed taxes, insurance and the such.

I don't feel confident enough to buy out of state and the property taxes/interest rates/home prices are so high anywhere around me.

When you do a cash out refinance you pay no taxes and if you put 75% down your rate is going to be in the mid to high 5% right now.

Property taxes are high in NB, but there is still money to be made.

Some major pending (and potentially retroactive) tax law changes made it through the house. 

I don't know what your contract with him says but you need to, as well as getting him to refund it to move on, maybe get him to release a lien on your property if there is a permit involved and if he made the application for you. 

These deals will be more passive and you can still get the tax benefits of owning real estate, plus debt paydown and appreciation.

Thanks If dad wants to take it out, it would be taxed. you can convert it to Roth but it does not make sense as you will pay taxes on the conversion. 

I am self-filing my taxes through TurboTax (extension in Texas due to ice storm) yet I can't seem to locate where or how I would apply the cost segregation numbers to maximize the tax advantages.  

What innovative strategies are real estate professionals using to minimize capital gains tax on property sales?