Sell and take the tax free gain.

So as soon as you start renting property, make sure to claim the income on your tax returns right away.Hope this helps...

I have a couple questions about this scenario:1) Are there creative ways to finance another rental property or properties to fully utilize the 1031 tax benefit even if we are having problems qualifying for financing?

I am hoping to get some guidance on my current revenue/expense assumptions:Rent / Purchase Price -> 1.0% to 1.1% (model set-up for varying ranges)Vacancy Rate -> 0 to 10% (model set-up for varying ranges) Property Tax -> ~2.5% (looking at Tarrant County property site for reference)Insurance -> ~0.9% (based on my personal residence)Property Mgmt.

Or should it come to us so we have a tax record of it being inside our bank account?

If I understand it correctly, she will have to pay taxes on the selling price minus the purchase price, cost of any improvements, and 500k federal exemption.Are there any other strategies which could be employed to reduce the tax burden?

Does anyone know if there are any special tax benefits in this situation:Buy a 2/3 bedroom house and have the child live in one of the bedrooms and rent out the others. 

What is usually done on pre-foreclosure services you make a price which includes their balance owed whether it is County Property Tax, Mortgage payments, or somebody else. 

I know the different reputations but I’d like to have a mix of properties between the Centerville, Kettering(property tax hell), UD, Oxford, and Huber Heights communities.

after the win of a tax auction....is the next step to evict?....