Bigger Pockets has some outstanding people contributing and I appreciate your help through all the posts.My short-term strategy had been to look for investments within my local area because it’s the one I understand the most.

So if there's an outstanding tax lien that goes unpaid, in some counties or states the house will be foreclosed on??

I'd love to have a fleet of SFHs, but the only thing that bothers me is that the houses are vacant once you buy them.

You have to set your goals extremely high, so that even if you don't meet them anything close to them is still an outstanding victory.

Even if you did manage to get outstanding appreciation (I doubt it) can you afford the negative cash flow that you will have?

Paying it off is good but sometimes having a bit of debt outstanding will actually raise your score.

Payment history (seasoning).I discount the amount outstanding to get the yield I want.

Even if you just refi for the cash you have outstanding, $59,445, with pretty optimistic assumptions, 6.5%, 30 years, the payment (P&I) is $375.

I've already checked with the county clerk's office and confirmed there are no outstanding leans besides the one on each that is foreclosing but I can't close on either because the residents aren't there to close with, the banks haven't taken possesion yet so they won't talk to me, and while I can get preapproved for a loan to get one of the houses, the bank won't supply the money until I have contract in hand, which means I can't use the money at auction.

As long as we can locate the bottom of the market with some semblence of accuracy, we'll be able to enjoy some inflation-corrected appreciation and lower costs of borrowing at the present time.The point about insurance on homes in Florida is an outstanding one.