I am currently living "with my parents" so my current living costs are minimal.

:)Being in the construction business for over 20 years, I can do a pretty good job at minimizing the amount of expensive sub work we have to pay for.

Our income is over $150k what can we do to minimize our taxes?

If she never Signed a mortgage, then the bank can Not foreclose on the property, and a minimal defense would get it thrown out.

How can I realistically minimize this?

I would have definitely asked if he would carry the note for you.You would have minimal risk and be able to put another tenant or buyer in the property for an assignment fee at the minimum.

They're in buss to make money from you so your job is to minimize it.

Put in trash about 55% and put in water 60 to 65%.Yes when you self manage you can say 35% total and suck out cash flow and do minimal maintenance.

If you have someone putting 20% down with a slightly lower offer it will be a lot easier for them to make up the difference with cash possibly then someone that is doing minimal downpayment financing.

By converting his home to a rental, he was able to utilize his knowledge about what kind of repairs could be expected in the future to determine an adequate repair/maintenance fund while also minimizing his down payment needed.If you live in a property already and simply want to acquire a rental property, then Jeremiah is absolutely correct.