Hello,I purchased my first rental property last year and rented it out for 10 months.

The purchase cost is on average $350k - $450k.

You’ll likely find a strategy that aligns with your goals and lifestyle.Since you’ve been enjoying the BiggerPockets Money podcast, I’d also recommend checking out the Real Estate Rookie podcast—it’s great for diving into beginner-friendly strategies and learning from others who’ve been in your shoes.Feel free to reach out if you want to chat more or bounce around ideas.

So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

Too many newbies seem to think they can blindly follow "old" advice in today's real estate market and be successful.Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.What many newbies have figured out is that they can't make the numbers work on rental purchases in their states - like California, Arizona, New York, New Jersey, Washington, etc.What they have NOT figured out is that if they go to cheaper markets, they aren't being shown Class A rentals to buy.

Is this also the case when purchasing rights of redemption post-auction? 

Purchase price: $169,000 Cash invested: $35,000 Looking to put 70K into the separate garage to make a 730Sqft home.

I sunk a large amount of capitol into these when I purchased them just to make sure they were nice. 

Purchase price: $155,000 Cash invested: $60,078 Sale price: $275,000 Fix & Flip property in great neighborhood in Saraland, AL.

Its usually called a post-completion or post-purchase mortgage.