Reason being, Valdosta has experienced two hurricanes and inflation, like we all have, in the last 5 years and the property taxes have been rising every year for the last three.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

I would also share pros and cons of paying taxes on the windfall versus owner carry.

This area is strong in tourism/fishing all summer, and Hunters renting STRs all fall, many bring horses or mules, the property could support boarding horses for these instances.If this plan sounds funny, I understand that it is, I work and live on a ranch with my family an hour south of this town, but one day wish to retire and live there, other than that we have not considered this area much for investment potential, just looking to buy something for ourselves one day, but that would pay for itself until then, Tipis would be a very low overhead way to peel some return off the property quickly.thank you in advanceKale

She may be better off selling the house and getting rental assistance on an apartment or rental house that they can continue to co-habitate in. 

If you need an LLC for tax reasons later, you can move title into an LLC later for a couple hundred bucks.

If it's worth $1.3 million today, it will be worth $3 million or more in 20 years, you'll have paid off the debt (or most of it), you'll earn at least $3 million in cash flow over those 20 years, and you'll have tax benefits.

Speaking from personal experience.Fine to say it’s not your personal cup of tea, but no need to scare people off with talk of serial killers.

Or am I totally off, and the seller has to perform the conversion before I can make an offer?

Always have a plan to pay it off quickly and free up the credit line for your next deal.Regarding pulling equity from your first property to fund the second one, this usually doesn’t make sense in the early stages.