Given that the house is paid off but has $27K in back taxes, you could offer to cover those taxes upfront in exchange for favorable terms on the remaining balance—like low (or no) down payment, and small monthly payments.You could also negotiate for a subject-to deal where you take over the property subject to the taxes, while still securing control of the property for your BRRRR strategy.

I've been focusing on fourplexes as a first investment to spread vacancy risk but the inventory in my driving area is pretty low.

This probably sounds a little like wholesaling or being a Realtor, and it is.If you don't want to spend $1,000's to build this out and take on the associated tasks, there are other, more cost effective, options.I'd recommend looking for potential deals via free (or low-cost sources) i.e. local meetups/networking, Courts (probate & lis pendens lists), Realtors, Wholesalers, properties for sale online (especially those with 90+ days on market), etc.All the best!

That's mostly because we already get the 4% residence tax rate for your primary residence, which is a very low tax rate.As long as what you purchased is commercial, you can apply for it.

This way when they try to low ball me I have my own appraisal ready to go.Or - should I just request a PMI cancelation from Citizens bank and wait to see what their appraisal comes back at.Or - am I going about this all completely wrong?

I take it you're making offers for properties on the MLS, hoping to get a low offer accepted?

You will want to run projections on each individual property to ensure that it will produce enough revenue during peak season to cover your low season months.

So far I've read that it may be difficult to get some of the irrs that are marketed since there has been a bull run across real estate with a low-rate environment the last decade and I would love to hear thoughts.- What are the "usual" investment minimums for a deal?

First, Austin made a good part about potentially having two loans, most lenders were still getting their clients into government loans ie FHA, VA, & USDA with rates in the high 3s in early 22, now it is high 5s/low 6s.

Anywhere else I'd recommend a regular fence that'll be low cost and efficient