That sounds about right.

It sounds like you are doing well and with that comes a tax problem. 

Sounds like you have a solid plan to launch your REI career in wholesaling.If you haven't already plugged into the BP podcast, I can't recommend it highly enough.

@Mike LarryAt this point it sounds like your in a holding pattern unless you want to keep finding great deals and wholesaling them to get more capital.

@Christoper Coleman - Great, does sound like a good deal. 

. - I decided I didn't want to mess with it because Im starting another project with higher potential return.Now, as an example, I look at this one:https://www.zillow.com/homes/63-GRANVUE-DRIVE-BELL...Its on the Auction block, if I picked it up for 2 or 3k, and sold it for 10k to someone else who wants to work with it, essentially a wholesale deal, and didn't spend any money fixing it up, and agreed to max 1k realtor fees if any, I might make some money on it.If you go to our county tax assessor site, and search '63 Granvue', youll see that 1) the total taxes for 2018 are $2981.38, and 2) they are paid by the bank already for 2018 http://www.co.st-clair.il.us/Pages/parcel.aspxWhat I am asking is - if I bought this at auction, and sold it within a couple of months as a property someone else can rehab, how would the property taxes work / what would I end up paying? 

Sounds like a muddy picture that would need to be cleared.

Sounds like you've got your education plan in place. 

Is it safe, sound secure etc?

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.