My plan, after I accumulate enough property, is to refinance certain properties each year and collect the tax free "income" from that property and enjoy life. 

And he has also made hundreds of millions in his courses, trainings, seminars, books, etc.He's also an intense, larger than life personality.

I am not super familiar with your market (although I'm sure it's similar), we have a ton of local Chicago real estate investor meetups.Getting to those things in person changed my life, and I was able to connect with mentors, experienced investors, and a lot of good people.

They inherited the property from his father, ran the home for many years, are facing some health issues and are retired.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

A good CPA will also make your life a lot easier. 

Not 30 days later or 60 days later when you go find the money or borrow it.Every jurisdiction is a little different as to how things work, but typically you won't be able to borrow your way into tax lien/deed investing unless you are borrowing against other assets you have like life insurance, home equity, 401k, stock margins, or some other hard asset.   

I do know that very few municipalities won't require egress and life safety considerations.

The magic in real estate takes time, BP calculator will tell you..After investing for 15 years in Milwaukee (usually regarded a cash flow market) I can pretty much much sum up my philospohy in a couple sentences: acquite as much real estate as quickly as possible, as early as possible in your life.

You want to be as long term focused as possible while maintaining a stable source of cash to burn every month for life expenses