Sometimes up to 80% if the number makes sense--this normally happens after the price have been reduced multiple times.

Technically, the failure-to-file penalty is actually reduced by the failure-to-pay penalty, so this $500 is allocated as $50 failure-to-pay penalty and $450 failure-to-file penalty.Example 4.  

I am seeking  advise of accountant familiar with foreign income tax in US real estate and have following questions:Which expenses I can claim for income tax during flipping(for instance whether international travel cost and accommodation cost  during acquire, rehab, and selling property can be claimed )How to reduce income tax during closing ( instead of paying 15% of gross sale price I would like to pay actual tax liability which is by far less )Apply for tax certificate or affidavit to reduce tax liability to actual amount

Renting it will take about 8 years to repay the line of credit and gain what i would earn selling right now.Selling seems the obvious answer but I appreciate any feedback.

I am seeking advise of accountant familiar with foreign income tax in US real estate and have following questions:Which expenses I can claim for income tax during flipping(for instance whether international travel cost and accommodation cost during acquire, rehab, and selling property can be claimed )How to reduce income tax during closing ( instead of paying 15% of gross sale price I would like to pay actual tax liability which is by far less )Apply for tax certificate or affidavit to reduce tax liability to actual amount

Recently I purchased a property with cash even though a cash purchase reduced my ROI by a lot.  

My current plan is to do a little house hacking and buy a duplex to reduce my monthly expense of $1700 on rent while renting out the other side of the duplex.

I'm nervous that the owner might balk at the fee I'm earning and I can't afford to sue him right now and he doesn't have anything for me to get but equity anyway.

Can you live on the $400-500/mo you'd be cash-flowing, plus your teaching earnings? 

The job market is skewed so there are mostly low paying jobs (restaurants, stores etc) and high earning individuals (business owners) 2.