Even if you own in cash, utilities, insurance, and taxes cost you money every day you hold.

What are the monthly taxes and insurance payments?

Tack onto this, legal fees, preservation, taxes paid, etc and you'll likely be over 600K total judgement.   

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

There are two distinctly different collection strategies you can pursue:1) Collections Company: there are several that ALL they do is pester the debtor for payment with calls, texts, emails, letters, etc.2) Collections Attorneys: they will get a money judgment for balance owed and then pursue garnishment as necessary - including garnishing any state tax refund (if the state allows).Both will take a percentage of what they collect.

When it comes to taxes, it'll depend on the country.I personally haven't and I won't invest in Asia because you almost never can own the land freehold.

The county tax collection official will add to that purchase price the full redemption amount for John's 2020 lien.

Good old Uncle Sam.For most folks in the US, taxes are anywhere from 30-50% of their gross income every year.To protect yourself, you should do 2 key things.1.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The former provides a much lower return on equity but is simpler and easy to achieve over the long run.The latter is much more time consuming and risky, but provides high returns and a lot of tax advantages.