Potential ways to spread their tax burden over years as well. 

i recently closed into a property which I bought from another investor who got it through a tax deed sale.

Can a qualified real estate professional with a W-2 income above $150,000 be allowed to write off rental losses on my tax returns?

They want to rent it out while they travel and get the tax benefits of being in Nevada.

I got sick and tired of paying outrageous taxes so I did some research and found Tax Free Wealth by Tom Wheelwright.

I'm a few days from closing and when the title company sent out the settlement sheet with the security deposits and prorated rents as a credit to me from the seller my bank went crazy.First they said I need an addendum stating that the seller is crediting me.Then they said I need an addendum nulling that addendum because the seller can't give me that as a credit.

With a good LTV ratio (solid amount of equity) and decent credit score there will be some options, although it will be limited because of how much is going on, on this property.

Local credit union.

You'll net around $150k and that will be tax free.

Calculate the expected cash flow after accounting for mortgage payments, property taxes, insurance, maintenance, vacancies, property management, and other expenses.