There are also tax considerations, such as depreciation and IRS Section 121 Exclusion.I would probably keep it as a rental for two years and then consider IRS Section 121 Exclusion; I would probably still keep it as a rental at that point, and if interest rates get below 6% I would consider a cash out refi to buy another investment property.If you do keep it as a rental I would recommend you pay for pool service, this is something that should not be passed on to the tenant as it can cost you big time if not properly maintained.

If they purchase a house in your area, you could have the judgment attached to the property (I have done this before).Lastly, I have heard that you can 1099 them so they could be forced to pay taxes on it.

With the recent storms in the Bay Area there have been a lot of power outages due to PG&E equipment failure. Some areas have been out of power for 4 days and counting. One of the resident's writes to us;"You need ...

It's about finding a property at a fair price and negotiating the best deal.This deal, with the state tax lien involved, in sketchy.

1. 90% sure you'll be hit with Captial gains tax on the sale - Check with cpa.2.

Baltimore property taxes are also pretty high, quick flips are profitable and if you or your investors know what you/they are doing, Baltimore is a great market.

If I am able to make tax deductions or write offs from repairs/ maintenance items how can I do so?

You'll have to separate out the numbers at tax time anyway and having to reconcile the various properties each month imposes a control that forces someone with check signing authority to evaluate - did we get our money on the winners and is what we owe on the losers properly substantiated. 

Feel free to ask the BP Forum your tax question. 

This could force your family to sell the property to pay taxes.