For example, right now I only have 2 rental properties in 2 different cities, so I call them Pleasant Grove house and Saratoga Springs house.

Some are incredible deals (the occupied sfh for example is $10k in an area that rents for $600), but I cannot shake the feeling that I could be buying into a trap.Your thoughts?

If you're in the syndication world, for example, content marketing works well.

I believe there's plenty of opportunity in those areas, as well as areas a few hours west of NYC(NJ and PA) and northeast of the city(CT for example.)Being able to reach your property by car is superior to having to book a flight, IMHO. 

Example: You have a business account and various other accounts in a local bank.

The easiest and quickest answer is, you can visit the county and ask the tax collector or there assistant at the County Offices and they will give you a thorough explanation or if you prefer to work online you could research your particular county, I know your looking for Overages, in different counties they have different names, for example: In Texas those properties are called Strike-Off.

Thanks guys,       I wanted to use this as an extreme example for newer investors to look at.

For example in Texas when setting up LLC you might use a series LLC to save time and money. 

Thoughts, suggestions, and do you have any example language that you would put in an agreement like this? 

Its very popular here, and unfortunately whats driving auction prices so high so it becomes harder for others to get a deal.So for example, property has ARV of $650,000.