Then you need to pay double fees for permission to do business in Illinois as a foreign entity and file an Illinois income tax return as well.6.

I have taken the leap to purchase tax liens in the state of Georgia.  

I remember working for a real estate investment group and they mentioned taking the removed faucets, toilets, fixtures, etc to places that would give you a tax right off.

Like you say on moving they never paid it, I was unaware, so the water bill and penalties was added to my property tax.2.

and if there is a tax loss, would it lower my tax on a 1040?

The lenders I get loans from that don’t require W2s or tax returns are national but $40K is below their minimum.... otherwise I’d help.  

@François DesCotes When you buy at the tax auction MOST liens are dissolved.

I don't think I'll cash flow here, so I ran my numbers only on the money I needed to pull out to have no cash in.Financed amount is $100,000The monthly mortgage payment came out to be $435.59 per monthAt a 5.125% rate on a 30 year loan, I calculated a Net Renal Income came out to be $1,140 per monthI split the difference of the range and used $1,200 for an estimated monthly rent and added in a 5% vacancy rate.Expenditures came out to be $613.73 per monthI used an 11% property management fee, which was $125.40.I used $120 for capital expenditure reservesI used $60 per month for maintenance reservesProperty taxes were $225 per monthInsurance was $83.33 per monthThis put me at a Net Operating Income of $526.27 ($1,140 rent - $613.73 expenditures). 

Would appreciate hearing from NJ CPA's who are familiar with the ROBS program and can also assist me in evaluating businesses (non RE) for purchase, as well as tax strategies.

My niche is delinquent tax B and C properties in desirable areas with a predictable path of progress.Please reach out with your information and I’ll send a lInk to the presentation and/or set up a call.Time is of the essence!