We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.

Quote from @Marie B.: Quote from @Jay Hinrichs: Quote from @Marie B.: For current/past BAM investors, how has your experience been?

So obviously being in foreclosure, absentee owner, tax lien or any of such "distress" doesn't make you motivated.So what you need to ask yourself is "how do these software determine who or what is a motivated seller right?

Does he understand, Deeds, Due On Sale, Insurance, tax implications, servicing, contracts and so on?

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

Note the property tax will be -10% on the rent by itself.Month 0 to 24: $2450 * 0.5 - $1573 =-$348/monthMonth 24 to 60: $2450 * 0.5 - $1541 =-$316/monthNext issue is due to the low leverage starting at month 24, the ROI takes a beating.  

If the purchase is done in cash, as you mentioned, they’d have more flexibility, but they’ll still want to carefully consider the tax and legal implications of the subsequent sales.I hope this helps, and good luck with your client’s deal!

.: Hello,I'm new to tax/mortgage surplus funds retrievals, and have been in contact with a homeowner who is willing to work with me.

Whichever loan that you decide to use, the interest will be tax deductible due to interest tracing rules.

Most of my renters are nurses, engineers, and tax payer funded employees (Government workers).