The book on tax strategies for real estate investor by Amanda Han and Matthew Macfarland.I read these two books when I first started investing and found the information very helpful.

For example, this investor that I met recently said not to buy properties at tax auction for 100+ different reasons.

(More information on how to best use Social Media in the last tip)TRACK EVERYTHING IN A DATABASEMake it a habit to get contact information from every person you meet.

Feel free to ask if you’d like more tips on what to look for in a PM. 

NET 30), etc. and you can use this project-specific agreement as an addendum for individual jobs.Final Tip: Treat the contract as a transparent, collaborative tool to set expectations, not as a "gotcha" document.

You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof). 

Bonus - the interest on the loan is tax deductible!

Any tips?

However, I have never used a realtor for auctions and tax sale purchases. 

(It doesn’t pay its own taxes.