Longview is 40 minutes north of Portland, OR ,and values here are rising quickly due to Portland's crazy real estate bubble....Here are the logistics:Original purchase price: $135,000Outstanding balance: $131,000Estimated current value: $200,000Mortgage payment: $950Current Estimated income from renting both units: $1700Property management cut: 8%If I sell the unit, I would try to reinvest the earnings into another duplex property in Dallas, TXI'm looking for some advice....

From what I heard from land-lords it's fairly effective at it's job and easy to use.All of this to cut my teeth on basic property management and having a close eye on the surrounding areas.

Half way does not cut it.  

In a situation like this you should be charging a premium rent, possible as much as 50% over market, or you should be taking a cut on his business income.

Do not cut any corners or take any chances.Nobody I know can tell you what the future holds and how it will not hurt you. 

Tax liens as you get farther out east are more complicated than West coast tax liens that are fairly easy to understand and cut and dry.my sense of this is you have the right to pay the tax's and add it to your note balance.. just like if they did not pay insurance..I suspect you do have a Alienation clause in your mortgage as its pretty standard verbiage in most.but you have multiple events of default going on here.. so you can start at anytime I would thinklastly I think at least in many east coast states or counties to clear title they need a court action.. and at that time you would also be notified and be able as the lender to cure.. 

A lot of the time they cut the GC a discount too, so it might even be the same price to have a GC without even counting in being taken advantage of and the added carrying costs.

Not only did this cut my scheduled rental revenue in half upon closing for a few months, but each unit required several thousands in turnover cost due poor condition.  

@Erin Schenk I am an investor and real estate agent in Bakersfield and have considered out of state as well, but for me, I prefer Bakersfield becuase I manage my properties myself which increases my cash flow and cuts down on vacancies and repair costs. 

Since this tree is massive, it would likely cost $10K to cut it down.