The most common difference is that the state will impose some tax or fee on pass-through entities where the federal government does not.Many business organizations are required to have the same fiscal year as their owner(s) have or to basically have a deposit with the IRS to compensate for timing differences.https://www.irs.gov/businesses/small-businesses-se...https://www.sba.gov/business-guide/launch/choose-b...

Pretty basic question for the seasoned vets:I have a property in PA in my own, personal name that I’m looking to let go to tax sale.

So I'm basically new to the game - I've owned 2 properties for 7 years and been renting them, but they started out as properties I bought to live inNow I'm trying to diversify and invest in RE - but I work full time and don't know a ton about the financing sideI linked up w someone who's an active flipper in the area and discussed possibly partnering on a deal.

Its a commercial property  it's like one unit ,  one very large unit  it would be great  for a bank  or  fast food restaurant with drive-thru.

If we were to agree to a price, do 0 down with the purchase price at 5% for 5 years with a balloon payment at the end, what are the basic steps I need to take?

what resources can be used to find home owners who are upside down on mortgage payments, recent divorces, pre foreclosures, basically a pool of motivated sellers to market too. 

I believe in turn, that will drive people to other sources of financing.  

Driving for dollars self made list?

Drive around the area and look for "for rent" signs.

If you have a home office you use for your rental company and you go driving for dollars, can you claim the standard mileage deduction?