I have seen people buy non-existant properties, bottom of lake (literally underwater), slivers of land too narrow or small to do anything, Army bombing range, expired leases, cell tower now removed, property with 30 year lease and prepaid rent for 30 years, condemned buildings, toxic waste sites, land under railroad tracks, cliffs, landlocked property, wetlands, flood zone, unbuildable property, endangered species habitat, ....I have three rules for buying at Tax Sale:1.

@Jacob HavlovickCongrats on purchasing your first duplex and starting your house-hacking journey—this is a huge step toward building wealth!

I am self employed but want to build a spec home using the equity in my house as collateral.

.: We just this week bought a 6 unit building in a top notch suburban school system for $615,000 with gross rents of $4615, but to make the deal cashflow (barely), had to raise the gross monthly rents to $6570 on 4/1.

I would look for a 2 bedroom 2 bath duplex with a one car garage for each side located between the two units and each front porch on the each end of the building.  

We are considering joining a couple mentor groups to build relationships with more investors.

It sounds like the person above either wasn't ready, didn't put in the work needed, or is just another internet troll out to bash someone for no good reason.IM me if you have further questions about Matt Scott and I am more than happy to go over the good, the bad, and the ugly! 

Given his spending habits during his first term, it might be a wash.Costs to build new properties will probably increase.

Someone in the build chain knows the guy who writes the checks.

Not calculating your basis properly between building and land, which impacts depreciation. 2.