If you won't be out any rent, there are no outstanding unpaid fees, utilities are paid up, and the place is left clean and without damages, then you should return their deposit.

After holding the certificate for two years the certificate holder can ask for the property to be sold at auction but all outstanding taxes have to be paid first.Though property tax sales happen infrequently, you need to be sure the property is worth the tax amount because you might wind up owning it.

So when I look at a property I run 'my' numbers and email my realtor this:123 Fleet St - Get's 3700 income, So $2775+1290 I can pay up to $4065 payment.

Amie D.Depends on the type of mortgage. if the first property was obtained with FHA financing, they typically only want you to have one OO financed property at a time, unless for some outstanding reason(which you have to prove), then they may allow you to carry two...a permissible waiver may be if you unexpectedly have to move out of the locale for job related reason.

Are you a slick transferor of outstanding balances?

Thanks for sharing your story, Congrats to you Junior....Outstanding and continue with that drive and success!  

I've looked at different avenues for financing (already have one property purchased CASH, a cosigner and outstanding credit) and feel like this would be the best way for me to go if I can find someone that would do it.

Benefits for me: I own the property in 5 years, free and clear, only having to pay off property taxes and making some repairs--by that time I'm predicting the neighborhood will have appreciated quite a bitBenefits for the seller & caretaker: outstanding tax debt is washed away, a huge weight is lifted off their shoulders, and they can continue living in the house for another minimum 5 years without having to pay a dimeI'm still quite the noob at the whole REI game, and it sounds really weird but it seems like a win-win for both of us.  

All payments made by Tenant to Landlordafter the tenancy commences, no matter how designated by Tenant, will beapplied as follows: first, to any outstanding amounts due for damages/repairs,utilities etc.; second, to any outstanding service charges and fees from priormonths; third, to any rent outstanding from prior months; fourth, to anyservice charges or fees due in the current month; and lastly to the currentmonth’s rent."  

Muller.http://www.irem.org/File%20Library/Events/IFLC/IFL...Outstanding!