Javon Rice Also keep mind that in order to keep your interest in the property, you may have to continue paying the taxes until the redemption period is up or someone else could buy you out.

Hey @Tyrone Rice my first instinct is that it looks like a good deal but I'd be cautious of something that cashflows that good. 

I’m on my score like white in rice, but i haven’t had this particular issue in the past.

@Marc Rice It’s a class A area, set to expand drastically in the next few years.

If I were you, I'd be on my Uncle like white on rice.

Congrats, sounds like you did well on the deal, and yes, I'd be speaking to the cash buyer's agent, you'll probably need to explain why your agent isn't calling for you and that could be sticky but based on her performance, I wouldn't be too concerned. :)

page=1#p546545And read the sticky threads from the landlording forum, wher the 50% and 2% rules are more thoroughly discussed:http://www.biggerpockets.com/forums/52-rental-property-questions-landlording-issues

I don't like dealing with money orders in the mail because if the tenant says they sent it but you never get it, then it get's to be a pretty sticky situation (as you're finding out).

I know that when most folks ask for creative, magic bullets to undue the damage of past poor financial decisions they are not looking to hear that the solution includes living on "rice and beans" while you create a little bit of margin for yourself, but that's what it takes.

Hello all,Well, this is quite a personal dilemma I find myself in.  Me and my girlfriend are both new to REI, me as a contractor with a few potential business partners, and her a working mother taking real estate clas...