And answer your curiosity in second as well.The transformation of knowledge here is massive.

@David BozeOut of curiosity what are your personal assets ?

It was attending a seminar by a real estate guru that finally sparked my motivation to turn my curiosity into action.As someone with an IT background, I thrive on hands-on learning experiences.

A good idea is to accrue a capital investment reserve from operating cashflows, for such events.

The interest accrues on the amount of taxes owed, not how much you bid.

Just out of curiosity, how are new investors making deals work in todays market? 

If you survey the landscape of coaching program graduates, a consistent theme emerges: those that "make it" tend to have the drive, curiosity, passion, grit, relience and focus to weather the journey... 

Just to give you an example, one auction we've attended showed little to no back taxes on the notice to bidders, but the title search revealed all these prior tax liens with crazy accrued interest.

Just out of curiosity why would you recommend an Umbrella policy if the underlying policy already has a high limit of say 500k or 600k?

If you owned it the whole time, the exclusion would accrue to you.Still, with these issues, I would have a professional tax accountant prepare  it.