Have proof on hand (easy enough to find) online of the missed tax payments and any documentation that supports that he specifically didn't pay his taxes.Probably a simply mistake on his part, but now if he wants to develop on it, he either has to land lease it from you or buy it back.I'm not sure how the whole tax deed thing works, so that would be something you have to figure out between the two of you.

@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I asked which building inspector was the most thorough, wrote the most detailed reports, and which was the one he’d use if he was buying his own property.

The current average rent on the new buy is $925.

Could help you save some serious $$ if buying and selling there and can also get you access to their MLS systems.

Our lot is fenced in and we cannot see where he lives but close enough to be of concern, but we want to stay in the same town until the kids are finished school.So, my question is this, would it make sense to rent our home (roughly $2300-2500/mo. as per real-estate agent claims), with the stipulation that the garage is used for my business AND buy a home nearby?

I think fox chase is a great neighborhood, and I think buying in Philly suburbs - solid areas in Bucks and montgomery county is the move.

@Luke Hamlin you can buy a second home with 10% down with a Conventional loan.

Creative financing to buy deals is another dangerous approach.

If prices in Georgetown come down low enough, 100% I'm scheduling a trip and were getting on-the-buy.