I'm interested in learning all aspects of RE, including self managing property, and maybe get into STR.This being my first deal, I'm not confident in finding more flips, so I want to defer taxes to preserve my profits. 

When and how do we account for my expenses on my taxes?

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

Coming from L.A. to Vermont, the RE laws and prop taxes suck...

I use mint for budgeting and keeping track of my expenses, including those which are tax deductible, and find their system extremely intuitive. 

Long story short, he owes about $18,000 on the bankruptcy and once that is paid, the filing will be discharged.

Does anyone know if there is a specific podcast episode dedicated to this topic.... qualifying as a "Real Estate Professional" on your taxes?  

I am inclined to ignore the letter because to me it seems like they are asking me to provide information that will raise my property taxes. 

Texas has been the belle of the MF ball for many years but investors and operators I trust are having questions about Texas - insurance costs property tax costs and weather related issues. 

The house rents for 1000/month right now 500 being the cash flow after insurance/trash and taxes.