I also write off the utility expense on my taxes.

By all means, chat with a CPA, especially about 1031, tax implications and so on.

When I come back in the next morning, I have the tax billing address pulled from the county for every cash purchased home that I uplaoded.

Budgeting 2740 for taxes, 1000 for insurance, 1500 for annual maintenance, and 2560 for utilities.Now on to the questions:-the water in my area is billed on a flat rate of 180 every three months.

Can we ditch income tax coming from that construction ?

Are there special short-term / long term rental taxes for these type of properties.

I did a cosmetic fix on it and walked away with a little under $30k (before tax), as a comparison.

The taxes and insurance combined on the house are currently around $100.I make an income of about $52,000 as an educator so I am pretty flexible on where I work as far as what city.

Looking for advise to set it up properly to maximize tax benefits.

If you read into the best places for retirement, Tennessee ranks very high because of the quality of life, the cost of living, and minimal taxes on retirement income.