I’m in the Midwest finest community :– brew city – packer heaven – cheesehead - WisconsinMichael welcome aboard

There are some properties on Kingsbury grade, ~10 minutes from the Tourist Core/Heavenly Village that fall within the Douglas County Tahoe Township.

It's just good practice to have a dedicated bank account because, heaven forbid, if you ever get into a lawsuit and need to provide records, or you get a letter from uncle sam to audit you......Plus it'll save you time when you want to run the numbers to see how well you're doing on the property.

I calculated the ARV, approx $390k.The house has $36k back taxes, no lien.Can this deal be a hell or may be a heaven??

Not typicaly, as others have said, the worse the area, the better the potential cashflow.I have a rental in a "Better" Area than one I currently live in, so some areas can be good for cashflow.There's a subdivision outside of my town that is becoming retiree heaven, and TONS of investors own properties there, due to the fact at one time they were built as low income housing.

And heaven forbid you have a real estate investment business, you are guaranteed to be investigated for brokering without a license.Fortunately, as the government as already stated in their legislation: It is 100% legal to buy and sell your own interest.Of course Realtors like yourself KNOW that it's legal to buy and sell your own interest in property.

I would be mortified if a tenant or one of their guests got hurt or heaven forbid a death resulted in a pool accident.Just my opinion....

Scott (Estimating Rehab Costs) and I'm in heaven.

If you have clogged gutters that soak your yard, and a house with wet wood right next to that soaked yard, you just created a termite breeding heaven.

I not only helped home-owners et HELOCs for 1/4-century from my career in the legal field, butI had a HELOC on my house in the '80s and '90s and it was heaven to NEVER again have to ask permission from a bank ... to buy a snowmobile; to buy a boat; to pave our laneway; to put in a new septic system (though that one they would have acted on right away to protect their collateral);I got a HELOC on another home in 2009 to make a sizeable investment in my business ... and it took forever (exaggeration; it look way too long with aggravation);Many of my clients are held back in their businesses because Banks keep taking months -- literally months -- to make lending decisions one way or the other.Yes, it's a topic about which I'm passionate!