Normally in my area the properties that sell at the tax sales have extensive title issues and the heirs are numerous and are spread out all over the country.

The most famous is never get involved in a land war in Asia, but only slightly less well-known is never let your success be controlled by someone else.I'd read Rich Dad years ago and had forgotten a lot of it - hence my poor decisions.

You have numerous RULES to live by, that your tenants may refuse to live by, (so write in the contract that they have to or can be immediately evicted)You have to keep all dues paid up, or you will be fined, and quickly could lose the place to liens and foreclosure.Minna's right, s SFD is a lot of work, but if the place is in good condition, and you have the insurances, it's not a big deal, probably.

They aren't illegal, but they come with numerous very specific and strenuous parameters to keep from being classified as an executory contract (contract for deed) in Texas, and as an executory contract, be liable for some extreme penalties (up to $250 per day liability from the day of sale).Now you can do 1 lease option per year and not have to worry about being liable for more than $100 per infraction, which at the most would be about $1,000.

If you have numerous lates and negatives on your account they will not allow you in the program.

My advice is to plan on it being tough at first, but be patient with it, pay your dues and in time it will be rewarding in numerous ways.

I have done numerous searches here, looked through my emails from my BP keywords in both my inbox and delete folder and cannot find this sucker!!

If the nicer houses on a block are selling for $50k in a war zone, why would you buy the lot and build a $100k house on it?

I've been researching and the deal looks good but I'm really weary about the murder capital and getting stuck in a potential war zone.

I myself went over and looked inside and out, already knowing the California State laws and the Renters Rights, there are numerous code violations all over the property.