For properties that are listed for auction and have no appraised value, these are tax lien auctions. 

Quote from @Jay Hinrichs: I invested in a winery/wedding venue at the end of 2023 because I needed a quick tax strategy and couldn't find a property fast enough.  

The 70% LTV and 3% origination cost you mentioned are typical, but they can definitely vary depending on the lender and the specific deal.Regarding the LLC or Trust, you're right, it's a good idea to explore those options for asset protection and potential tax benefits.

This can get technical, and it is case by case, to be discussed with your tax accountant.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Indicative price around $1.1M, which would be a loss, with tax around 2% potentially 20k/year.

This makes a strong partnership agreement critical to protect your interests.Legal and Tax Implications: Consult with a real estate attorney to formalize your agreement and ensure compliance with local laws.4.

It’s easy to find tenants, population/jobs are increasing, and property taxes/insurance aren’t skyrocketing. 

As long as you paid a contractor or someone who’s not an employee $600 or more in a tax year, you are required to issue them a Form 1099, regardless of whether you paid them via cash, check, or another method.

Here it would be 25% down ($275k)A balance of $825k at 7% (or higher) $5,490/mo, figure $250/mo insurance, $500/mo property taxes $6,250/mo.