Sure, it was difficult for them too but they survived.

The assets of the revocable trust can also be subject to "elective share" claims upon death - which is a default percentage that a surviving spouse is entitled to receive from the deceased spouse's estate.Upon death, the trust become irrevocable and cannot be changed.  

I don't think any new agent should spend their money on this as it will make it harder to survive in the first year of being an agent.

I'd figure out what all the mortgage and expenses were on such a property, and assume a max vacancy rate I'd want to be able to survive, and back out the carrying costs in that worse case scenario.

These survive the tax deed and will be passed to you.http://fl-duval-taxcollector.publicaccessnow.com/P...I personally stopped bidding due to how long it takes for money to post to your clerk of courts account(basically ties up this money permanently) and too much wasted effort when 80% of the properties I am interested in are removed minutes prior to auction.

-Tax strategies, such as a 1031 Exchange (which totally blew me away when I read it)-If I stopped working tomorrow, how long could I survive? 

If the lien survives, the lien can be foreclosed.  

Ferrets are domestic animals and will not survive in the wild.

A maintenance person that is not getting enough income from one property to survive will have divided interest among other jobs and performance and timeliness of repairs will tend to be inconsistent.I have been through this as an owner myself.

From what I gathered on the forum it seems to be a standard approach when renting to students.I think the only way to make this a good deal is to turn the basement to another unit with it's own bathroom and kitchen and rent it for another $1K then it will survive the 50% rule.Thanks again!