I've interviewed like 4 CPAs/tax strategist this year and it's difficult because I know I'm not always comparing apples to apples.

Excluding taxes and insurance, your monthly payment is roughly $1,700 dollars a month. 24 months ago that same loan of 250k, with a 715 credit score on a 30-year fixed was hovering around 4% meaning you’d pay just under $1300 per month.

Was thinking rent out our unit, do another another live in flip, live there for 2 years to avoid the tax hit, then sell it….Anyone have any creative suggestions?  

If so, you could consider that tax savings.

What are some recommendations to mitigate this situation? 

He's interesting in partnering and, at least for now, would be contributing services.Is there a standard capital / profits interest for situations where services are the only thing contributed?  

Hey everyone still new here. lots of great info on this site, Shame I didn't find it sooner. so what is the general consensus amongst the REI communities on tax lien auctions? 

And it is tax deductible.

@Dominick Tonnarini, The only issue with your plan is that you will have to pay a sizable tax on the sale of that property when you do sell. 

Can my sister and I donate land my deceased parents received deeds through in tax sales?