THIS IS ONLY A PARTIAL LIST.On these thousands of properties, they must concern themselves with occupant issues, safety and hazard issues, legal and title issues, property preservation issues, expense management, documentation and company/lender auditors, investor oversight, potential insurance claims, PMI or M/I claims, government oversight, Fair Housing issues, ooh and Profit/Loss (Values).

Auditor first, use the property address to find a parcel number.Some auditor websites will have the owner's name/phone/address , some will not ,you can always trace back the history and maybe find a prior owner.

10 "FREE" DELINQUENT REAL ESTATE TAX SALE LINKSAdams County, IN (Decatur) - Delinquent Tax Saleshttp://web2.adams-county.com/documents/auditor/2006taxsalelisting.pdf********** http://www.

Go to the county auditor site where the property is located.

I buy deads that the state auditor has striken the property from the tax rolls.

(The IRS Auditor did randomly review several of my closing documents & the fees etc paid out).Keep very good records.....good luck

I usually go to the county auditor's website for my area to find the history, sales prices and ect on the property I'm looking at with accuracy and success, but the one thing I can't get a very accurate idea is rental comps.I know the general rental rates are in my area, but how do I best determine them if I don't know what someone down the street is paying, or someone a few blocks over?

(I avoid single member LLC ownership as I feel they are more vulnerable if they are simply an extension of yourself).However, if I didn't have the mortgage note fully documented & duly recorded etc the IRS auditor was reluctant to allow the expense.The later is also good practice if you are using the mortgage to strip the equity to protect the asset.

When I pointed out that his property tax number was almost half of what it should be at that price, he said something about using an LLC to disguise the sale transaction from the auditor.

Co-mingling funds is an IRS auditors playground.I can't speak to the mental shift having the LLC provides you and your wife.