We did that for about 3 years until Jeff informed me he'd fallen behind on property taxes, and all of his lenders called the loans due.

If you can rent it for enough to cover the principal, interest, taxes and insurance and still put money in your pocket, plus cash flow on the property you're purchasing, that would be ideal.

Keep in mind that you get to depreciate these appliances on your taxes.

It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

No matter the number of units, there is one roof, one property tax bill, one sewer line, one gardener bill, etc. 3.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

The property tax is higher than other markets, but generally, the numbers still work. 

Hey @Nevin Wilkie. have you looked on the city or county's tax records to find the mailing address for the owner when it's different than the address of the property you want to buy?

One caution when using crypto to acquire property is being aware the tax ramifications are identical to if you converted to cash first.