I have been consuming as much education/reading regarding out of state investing as I can as well as literature regarding buying larger buildings (not quite the syndication level) although I have been reading that material as well to digest.

If this does not happen the seller could walk with your hard work, equity, and money.

Normally this would be taxable. 

Thanks Denise for all of your detailed information on Alabama tax liens.

Read Main Street Millionaire by Codie Sanchez.

Freddie allows for 12 months payments, Executed HUD, Wrap documents (note and dot), Executed Warranty Deed to offset the mortgage.

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This will give you some info so they are not guessing on what will be needed (they probably already know rough numbers, but each project is different).

If you ever want to get into a tenant nightmare of costly potential litigation become a landlord, have the ac go out in Phoenix in July, and inform the tenant that you just don’t have the funds to replace it!.