totally hear you, pre 2021 in knoxville was a totally different ball game. again depending on your goals and strategies, your expectations aren't unrealistic. some deals may require more of an investment to make the numbers work like one of my student rentals that was a full gut project and took nearly a year to complete yet it spits out 15% cash on cash returns annually and i purchased that late 2022. investing in general is a risky endeavor, it's all relative to ones own risk tolerance depending on their position. we try and make calculated risks and look to evaluate multiple exits before pulling the trigger, yet there is still some risk involved. maybe a reit or syndication is the way to go if you want to be in real estate yet don't want to take on the properties yourself. either way i'm happy to make some local connections. 

@Sheikh Umer  Here is the chronological sequence of events so you can see the difference between a tax lien and a tax deed and how they come about.1) County tax commissioner sends annual tax bill to owner of record.  

The wolf at the door.

Additionally, there will be a 20% annual increase in taxes every year until 2029, at which point they are expected to stabilize at their maximum rate.What would the "full potential" tax amount be in 2029?

I would hire another person that has construction and real estate background.Take your  annual Salary. 

@Camille Sola IsabellYou can buy the Illinois Residential Lease here https://www.biggerpockets.com/landlord-formsYou can get this for free if you have a Pro annual membership. 

Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)

That means you're only making a ~7% return annually when you deduct the premium from the 15% interest rate.

A property's operating expenses are those that it incurs on a monthly or annual basis and are considered regular and continuing.

I will be moving out of state and I will be bringing on a PM company.After running the numbers, I would be facing negative cash flow every month after accounting for all the expenses (Annually about $1,000 - and that's the rosy estimate)  Is it worth it?