So I was wondering if I can still use a FHA(first time home buyer)…Here’s my situation, My wife purchased a home before we got married & everything is under her name. She used a conventional loan for the purchase....

But when I'm ready to live off the income, I do plan to spend a few years prior focusing on debt paydown to really boost the cash flow.

It's a great opportunity for my family to have some additional income down the road.But man, it is tough telling a young family with 3 kids that aren't going to be allowed to rent the house due to prior collections owed to landlords and vehicle companies. 

Hey bigger pockets, I was just wondering what some older more experienced real estate investors thought about the idea of buying tax deeds.

The added benefit is the equity you have now created in your personal residence that can avoid capital gains taxes if you live there for at least two years. 

I have a tax question.

Let's talk about Capital Gains Tax.

But if  you break it all down yourself, its a negative CoC return and you are losing $......yes there are tax benefits, loan paydown, etc. but that still doesn't make up for the fact you are profiting 0, especially if you are investing in a cash flow marketIn the end, if you are just looking for places to park $$$ for the long term it may work out, but if you are looking to make an annual return on the money you put in there may be better ways of doing it.Just my 2cents on this, I'm not a big time investor like some of these guys and they are a successful for a reason.

And another $200 in property tax.

Is he required to issue me a 1099 form for rental income for 2023 taxes?