Hi Nick,I'm by no means an expert on South Bend, but I'm fairly familiar with it.

If there is debt on the property you run into the debt-financed property issue which can cause the rent to be treated as UBIT and be subject to the trust tax rate which increases to 37% extremely fast.

As a side note, John Beck’s presentations were so complicated and John was in any case extremely difficult to follow.  

@John Underwood is the SC tax sale expert here.

The partner with good credit secures financing and handles financial management, while the rehab expert oversees renovation and project execution.

They have been extremely helpful for me, I think it all depends on what questions you ask.

Let the experts do the work and leverage their knowledge base and their relationships.  

However, I have been extremely interested in real estate investing over the past month or so.

Pricing, usually when builder finishes a house, especially towards the end of closing out a community, their motivation to sell is extremely high because they have to maintain the staff there until they sold the last house in the community.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.