. § 5876).Under the state's Municipal Claims and Tax Lien law, some counties provide a nine-month redemption period during which you may redeem the home. (53 P.S. § 7293).

For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas.

What we do see is that many investors aren't doing enough research to understand the submarkets, leading them having unrealistic expectations. 

It involves the fact that the taxing authority and the law firm that they have contracted with to handle the tax suits just do not identify all of the owners who are entitled to be notified that the property is being foreclosed on.Tax sales are usually a mess.The tax deed itself even says that it does not even claim that the property exists, as well as not guaranteeing that you are receiving title.The only way you can be safe is to have a title company do a title search for you.I hope this helps.Good Luck.Michael Lantrip.

Hopefully their deposit is higher than the damage, but if not, you can document everything and try small claims court, but honestly it is not worth your time as you are unlikely to see the money if you win. 

If you perform a cost segregation study for your short-term rental property, you would typically file Form 3115 (Application for Change in Accounting Method) to claim the depreciation adjustments from the previous year without needing to amend your prior return.

There was a hiccup when we discovered the seller's ex-wife still had a claim on the property and wasn’t willing to cooperate at first.

only you know (or should know) what the numbers are.Obviously the “cash flow” would go towards paying back the HELOC, so we wouldn’t see any of that income for a couple of years. and if you're just paying down the interest on the HELOC and not the principal, then the HELOC will still be due in its entirety after the draw period ends. make sure you are looking at this accurately.We just always hear about people getting started buying their first property, and even on a lot of the webinars we watch they run the numbers, get a couple hundred dollar cash flow deals and call them good. yes - in a lot of cases this is because (1) the assumptions are unrealistic, (2) the buyer bought when interest rates are a lot lower, (3) the buyer is spreading repairs, management and other costs other an entire portfolio and not a single property, (4) the buyer is managing themselves and doing all of the repairs themselves, or (5) some combination. 

There are very few claims against title insurance, but this might be the kind of property that could generate one.The sheriff sale should extinguish all of the liens.

Hi Gustavo, Unless your claiming that rental income on tax returns lenders most likely will not consider that into your ratios.