It's not like we're bundling sub2 deals into tranches and selling them as mortgage-backed securities like they were with subprime mortgages, yet. 

@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.

Technically it would be best to get a C Corporate or S Corp. to flip properties and since you are considered a dealer if you do several properties a year and this could have negative tax consequences in an LLC.

@William TaylorMichigan has some of the most complicated property taxes in the USA.

Assuming property taxes + insurance added don't go above $1,100 total, you could maybe make this work. 

These properties can appreciate in value and offer tax benefits like depreciation and mortgage interest deductions while financing terms are often favorable.

For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. 

Keep in mind taxes go up as do rents.

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

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