So mid June, mid September, mid December.I will quit the instant I am able to replace my day job income with stable rental income...this is everything including net profit, depreciation tax shield, appreciaton, and principal paydown....since I currently sock away about half of my salary in my 401k anyway, I don't need to get the $52k/year from net profit on rents only.

Not a priority for the generation that grew up on instant messaging and smart phones.

My thought instant money maker, instead I'm sitting here trying to figure out who will purchase this property after almost 3 wks of marketing the property, so my personal take hard to sale but maybe a totally good investment using your personal buying criteria for long term hold.

I can see instantly if they have made the deposit or not

*sigh, now it just gets me how this woman is hugely underwater, owes $420,000, I'm willing to take on a debt worth much more than her house, and I've given her the opportunity to solve her +$400,000 problem almost instantly, but she still refused my help because she wants money she can't have.

I don't know of anywhere where you get instant ownership of the property from a tax sale.Usually there is a "redemption period" (what you referred to as the property was reclaimed, which may be the correct term for your area?)

Yes, this way the seller will know you are qualified to buy.Also, getting the hard-money loan is not instant unless you have a history / investment portfolio already and can show you are an experienced investor/flipper.

If it is trained well, it can create enormous wealth in what seems to be an instant.”?

So, great turn-key properties with proven results of good cash-flow (proven by tax returns) and instant equity proven by a recent appraisal.  

Hi Jason, I walk away from anything that does not create instant equity upon purchase.thanks,Matt