There's a "rare" case of the property owner declaring bankruptcy before the day of the sale... you can lose your entire bid amount that way... that's atleast what a lawyer stated in a consultation.3) you call the IRS lien department they can fax you a paper document stating if there is a lien or not its best to have this - unsure about the 120 days start date but we can safely assume it starts once the sale occurs or the date its switched legally in the clerk systems.4) State specific - FL the mortgage is wiped out and all liens (excluding municipality liens)5) No they're giving you a "tax-deed" - see my recently purchased tax-deed below (it may look a bit different after the county officially enters it in their systems which happens around 10 days afterward in FL).6) it depends on how your state does their tax-deeds if it has an online system you can literally see the mailings that have occurred and you'll know if the proper procedures were taken.

That is literally the difference between 265k and 300k. 

You are in the right place and this community has literally taught me everything real estate over the last 3 years with all the podcast, forums, blogs, calculators, etc.

I wasn't super worried about the PMI for a year, cause if its literally no money out of pocket and it has positive cash flow, I viewed that as a win.

They literally tell me I am going to risk everything as soon as the market goes down.The fact is I mainly invest for cash flow, appreciation is taken into consideration but, I don't bank on it. 

I have literally never seen a property that would satisfy the 1% rule, and costs seem to be higher here (no or reduced beneficial mortgage treatment, 10-12% management costs).

. ;)If you are in or around Ocala, I am adding new members to my brokerage literally this week and again in August.

I'm not afraid to get my hands dirty, literally and figuratively!

I literally started with nothing, it was terrible, and I had to do everything myself and I still made it through.

They are flush with cash, and my guess it can’t just sit there even though buying at and over market value would seem to be just as bad.