Whatever the outstanding equity is, you (ideally) use the rents from the Duplex/Triplex to pay the mortgage.

Also some things to consider are any other outstanding liens on the property.

Our rental criteria states "No outstanding debt in excess of $1000 that is not in a payment plan."

I am interested in offering to buy for the outstanding taxes, but have no idea on how to.

Are you looking north or south of highway 30?

You're talking about the lenders policy.The lender doesn't want to hear down the line that there was an outstanding lien that wasn't paid and they are really in second position, so, they want insurance against such an event.

@Luis Capriles Benjamin Graham's "The Intelligent Investor" is an outstanding foundational book about stock market investing, with an emphasis on value investing.

@Nabeel Kurji so i first lived right on Washington Ave & Studenmont near all the fuss walking distance to a lot of things but as i got engaged i moved a bit west just past highway 6 on I-10& barker cypress rd. after being there for a year we liked the area and started searching for a single family property in the area.. ended up buying a 2400sqft built in 2001 right up barker cypress rd. and personally i wouldnt want to live in or near downtown. i would have rentals near it but i would live there. but thats just personal preference.

We are at the top of a market cycle and you are basically jumping into a busy highway.

Ever seen someone speeding on the highway?