One thing is for certain: I'm no tax expert so I have three (3) different IRS Special Collections Unit revenue officers on my legal mailing list for over ten years and I just call them with questions (and they occasionally call me, too).All I know is that debts to the United States Treasury trump all other estate creditors, regardless of state law.

Make sure the property is in good repair, screen well and you should not have more than occasional calls.

I worked for banks selling REO and the occasional note for the last 6 years, I did not work through special servicers but direct with the banks (broker and auctioneer).

You will, occasionally, see mortgage loans made to trustees of trusts, at least in my state, CA.

Excellent cash flow above expenses that would push me over my goal for annual income from "passive" investments so it is a big deal I want to do and willing to invest in heavily, but also want to have the best strategy and know who to go look for about financing it.Assuming a std 25% down requirement, I can afford it, but would be maxing out our investment capital (thus no new projects for a while or not with cash anyway, I do an occasional rehab flip here and there).

Excellent cash flow above expenses that would push me over my goal for annual income from "passive" investments so it is a big deal I want to do and willing to invest in heavily. but also want to have the best strategy and know who to go look for about financing it.Assuming a std 25% down requirement, I can afford it, but would be maxing out our investment capital (thus no new projects for a while or not with cash anyway, I do an occasional rehab flip here and there).

Hillsborough County wants Occupational Licenses on all rentals, and they do have occasional enforcement, but their only way of catching you, from what I have found, is through finding a FOR RENT sign on a property that doesn't have an occupational license.

(at end of lease term) -Occasionally we have tried to start showing the property with the tenants cooperation, and working around their schedule.

Brittney, I invest in these kinds of properties occasionally but I wouldn't advise a beginner to work on this kind of deal out of the box.

On the capital side, it's talking with investors, the press, giving presentations, etc.Finally, about a third is responding to emails and phone calls, which really boils down to the above two-thirds, I'm just not sure how it's really divided among those categories because I don't track it that closely, and it's different every day.I typically leave the office by 6:00 PM, then go home and check in with BP and some emails on the trusty iPad, and even some occasional work projects.