So you’ll owe taxes on any amount you sell over $68k minus capex.

Thank you so much for your answer.

Here in TX the soil is mostly clay, and it shrinks and expands with humidity level (thus the need to "water the foundations" as a measure to avoid foundation cracking), so foundation problems are a common occurrence.

Is there a lender that will loan just the purchase price, collateralized on one of my properties (2nd position, well under 70% LTV) so I can bid on it? 

ok thank you , so this is not a surprise, im looking TX, different cities

So, I was hoping someone could explain these type of loans for me, or perhaps direct me to a resource so I can better understand how they work, what their requirements are, and all that fun stuff.Thank you!

I also offered a credit when he used me as an agent.He told me they weren’t going to renew so I put the property up with the $300 increase.

It's weird stuff like how much the prorated taxes are - changes it by a thousand bucks or so. 

Its better to have your unit vacant for an extra month or so than to deal with a problematic tenant who will give you headaches for 6+ months.- Consider 2-4 family properties.

Pay it and thank God that you've been so blessed with a great tenant.