@Caleb Anderson I don’t think a two year lease is too long but I would go any longer - you want to be able to raise the rent on them if taxes increase in your area - have an attorney review your lease and make sure you are taking advantage of your states property code as it relates to landlords - each state is different - we have a lease break provision written into our leases - also a good real estate rental agent in your area can be worth their weight in gold - they will find better tenants (screen them all) and quickly put your house back on the market in instances like this

Be very careful with “wholesalers” in South Florida majority of them send out daisy chain properties they don’t have under contract and just mark up other people’s deals.

You can also recite the date of the tax auction, the auction buyer (if different from you) and then the chain of title to you (if you were not the original buyer) but that is also not necessary.  

If you go into the city, you can still get 1.5% and 2%+ deals, but many are usually fools gold in the long run, as the cashflow get's more than eaten up by long term capex without much increase in value. 

This is gold! 

This demand comes from primarily high priced markets were the cost of entry is quite a bit higher than the quote un quote turnkey markets of Central US and deep south and Rust belt cities.. that's were the inventory is that can be bought.. there is more houses than there are owner occ's to fill them.. so this creates inventory for flippers for rental purposes.. take it another step along the food chain an these companies realized for customer care and a full service package they needed property management in house and tight controls on rehabs..  

@Katelyn RyleeFinding a mentor is like finding a pot of gold at the end of the rainbow.

You can find that info on the chain of title records at your local county clerk office. 

The chain he drew was clasped about his middle.

The reason I say that is because it's 30 year ammortization and I've never seen that on a commercial bank product.Those loans are like gold because as another poster suggested above your cash flow will be much better with a 30 year amm.