Therefore, I understand that you would need to include the cleaning fees in your expenses.  

That fee goes by many names but "Success" fee is quite common.

Here are the projections for 2024 to give an idea of expected returns:2024 IncomeLong-term Income$8,400Gross STR Income$45,500 (based on AirDNA projections)Additional STR Income$5,915 (mostly cleaning fees)Total Projected Income$59,8152024 ExpensesSTR Expenses$16,453 (32% ratio)Mortgage$34,476Insurance$707CapEx$3,600Taxes$2,729Total Expenses$57,965Projected Cash Flow$1,850CoC Return2.79%2024 Additional ReturnsPrincipal Paydown$2,930Equity Appreciation$16,200Mortgage Interest Deduction$7,571Total$26,701Total Projected Returns$28,551Projected Return on Investment43.1%Projected Return on Equity21.4%The CoC numbers are not impressive, and the property only cash flows as an STR, which carries some risk.

Is there anyone on here in the Brevard, Orange, or Volusia county area that has gone through the tax deed auction process?

Forced appreciation, appreciation, tax savings, principal paydown and (the most valuable in my opinion) experience. 

Was looking for some better ideas for tax planning, and saw this one, but then wondering now how much money I need bring to table.I also have another house I could sell, and maybe 1031 exchange with like 300k equity in it, so not sure if that would help.

this is due to historically outstanding rent growth, overall far better tenant than most other markets due to the housing shortage (San Diego ranks near bottom in nation in both delinquent rent and evictions), and property taxes being near fixed rate.  

Hi Tempu,Some other things to consider other than rate are closing fees, loan term and pre-payment penalty.

Assuming he/she does not sell the property at the end of 10 years, at that point will taxes be owed on the property's appraised value?

Prior to speaking with an attorney you need to learn how the syndication model works.Underwriting, LP/GP structure, fees, etc.A great book is Best Ever Apartment Syndication - textbook for this business.Happy to provide more insight on the process, if you want to send me a DM.