I have rentals in Michigan that has a state income tax. 

The August 1st property tax bill reflects the empty lot. 

I suspect that right now you want cashflow over things like appreciation and tax deductions.

For example I just received January report this week and I’m still waiting on my K1 for 2018 so I can file my taxes. 

Hey guys,Has anyone tried getting title insurance on a property they bought in a tax or mortgage foreclosure by a quit claim deed? 

Not sure about Tampa, but pretty sure Chicago and Austin are seeing some high prices... and Chicago is going crazy with taxes and such if I remember right.

Did you try the online tax system?

Your taxes are not correct .. restructure this deal and this may actually Pan out to be a good deal if you could buy it with all  cash and not put 30 grand into it or hope to brrr it .

@Damien L. if you don't want to create a new business entity yet then you can appropriately track your income and expenses and then use Schedule E on your regular 1040 tax form.FROM IRS.GOV WEBSITE:Use Schedule E (Form 1040) to report income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.

As far as Japan goes, it's complicated and usually buying a house or land is a money pit due to high taxes and degradation.