As Ned mentioned, you can be working on the deal with others.

Due diligence is extremely important as Ned pointed out.Investing $1,500 per month is a little hard to do in any one county since most counties only sell tax liens once per year.

As Ned indicated, if you have a contract with the seller, you just send the contract to the title company or closing attorney -- they shouldn't need a separate authroization letter.In fact, even a contract shouldn't be necessary -- the title company should be able to pull title on any property at any time without authorization.

I have come to the conclusion, as @Ned Carey said so thoughtfully, that I will be activley waiting "for a KILLER deal".

I personally will only rent out Lead Free units (which is different then Lead Safe, at least in MD, as Ned posted out).  

@Charles Lemelle As @Ned Carey indicated, the website you are referring to is NOT a "spin off" of BP, anymore than the websites of any of the other thousands of members of BP would be.

That's because risks were reduced or eliminated through prudent management, much as Ned outlined.

As @Ned J. points out fences are usually on property line so was uncertain how you determined it was the neighbours fence without speaking to the owner.

., as Ned Carey correctly points out, an S Corp can pay you a salary, but also changes the way money is contributed and taken out.In California (the state which I'm most familiar), an LLC can be treated one of two ways for tax purposes. 1.

As Ned says, the two most important resources:1) read you actual state laws and procedures, then2)) buy an hour's time from a local attorney who deals regularly with taxOnes.Most books are not helpful because strategies in one state are irrelevant in another, due to different laws, redemption periods, etc.