I would worry less about it if I had not yet recieved an offer on the property.

Late fee's kick in a few days after for most...say the 7th.if not rent is recieved by the 7th then on the 8th the first notice goes out...whatever that is in the state the proeprty is in - a Xday notice to quit.First month - first second they are late.

I am about to place a bid on three different homes owned by the county where I live.One, a duplex, the other two are SFH'sIt is a process similar to REO's except that after the bid is accepted by the delinquent tax authority, it has to be advertised in the newspaper for a period of time (10 days here) and if no one else chooses to upbid you then you recieve the deed to the house free and clear.The full purchase price may be required by some places at the time of the bid, but this is often a whole lot less then what is usually required for a downpayment.

some funny responses in here hahaOn topic though, here's a pretty validating comment from a seller I just recieved -"You know man, you were the only one to send us a letter that you actually took the time to sit down and hand write - so the way I see it, you take the time out of your day to write me a letter, I'll take the time out of mine to see what you're all about"I mean, come on - talk about validation!

I made it so It has alot of profit for the investor/buyer.I have not recieve any good calls on it (well there was one guy who call me but I was trying to get his name and number he hung up on me.) .

as part of my marketing ( for rehab deals) i've also recieved a few calls from sellers who owe more than what the house is worth; however not all are facing hardships with payments.

Kellen, in theory the only profits that you recieve are on paper since they are put right back into a property and you do not have the cash itself.

My question is what is the max rent you can recieve for a 2/1 or 3/2 SFR house on section 8?

You can trust but verify any information you recieve!

I was aking what rent price was getting recieved for these properties, what type of prperties are a hot topic over seas, I know nothing about overseas real estate investing however I know enough about domestic investing my goal was to get a feel for the international oppourtunites out there, are they positive cash flow?