Charles Tripp with Valiant Realty.

Originally posted by @Charles Richards:I am in the process of buying a tax certificate from a real estate company in Birmingham AL.

@Charles CarilloThanks!!

@Charles CoastonHow much time will it take you rehab and rent ?

Yeap....those properties would all fail this beloved "50% rule" test too Charles.

Gets some experience under your belt first.Thanks Charles.

thanks Charles!

And, I would add that QBO isn't meant to replace professional accounting software or even accountant.As Charles said, the greatest and maybe the only advantage, is it ability to be used anywhere, anytime i.e. library, smartphone, hotel computer etc.

Not to disagree with Charles, but (pedantically) it's not having high net worth that limits you - it's having income of more than $150k per year.Real Estate professionals don't have that limit but...you need to work at least 750 hours at it AND it needs to be your largest portion of work.

Originally posted by Charles Perkins:It's unclear to me at what stage of the process you are actually at.Charles, I'm not sure what PSA means, but yes this visit is to see if I should spend more time on the property.However, I'd rather not have answers to the question be limited to the things I should be taking note of at any one stage in the due diligence process.