Even if you run it yourself for a few years, later on down the road it'll be much easier to make a transition to paying someone else to run it for you.I also strongly recommend people pay an outside source to do their month-end reconciliations and year-end taxes.

Are there tax advantages of buying notes?

I heard that there might be a sale tax exemption program when purchasing renovation materials and etc.

The tax assessors have the mailing address listed as the property in question and the taxes are also current.

Monthly Income:$2,300.00 Monthly Expenses:$2,289.26 Monthly Cashflow:$10.74 Pro Forma Cap Rate:3.61% NOI:$5,960.00 Total Cash Needed:$46,753.91 Cash on Cash ROI:0.28% Purchase Cap Rate:4.26% Total operating expenses:Mortgage expenses:Vacancy:$115.00Repairs:$115.00CapEx:$230.00Water & Sewer:$20.00Insurance:$100.00Management:$230.00P&I:$485.92Property Taxes:$483.33Misc:$510.00

If it works for you financially, Owner Finance can be a great option.Make sure you pay attention to Dodd-Frank and the Safe Act and don't take advantage of your buyer, but you can get better prices, good return, and tax advantages.

Borrowed funds are taxed twice.

What is your US tax compliance costs as a percentage of the NOI of your portfolio?

An alternative to flipping, which would help me in a couple ways, is buying it as an owner occupant, living in it for 2 years, doing a slow flip, and doing the no capital gains tax strategy.

I have also my 9 to 5 and I'm looking to reduce my tax impact.