That's why the new law about defendants ability to request an Excess Proceeds sale is leading me to question whether it's still worth bidding on tax liens secured by livable homes in Arizona.I will know the answer to that question by the end of 2027.150 liens on good properties (the other 9 or so were mistakes due to lack of due diligence) have already turned into 46 in just a year.

The key is ensuring the property can generate enough income to cover the payments and any renovations you plan.As for pulling out equity later, this depends on the agreement terms.

Unresponsive customer service leads to not reaching out to Obie again in the future for other rental acquisitions.

I’ve been investing in Detroit for years and built a 12-door portfolio that generates $16,000/month in gross rents.

.🚨 Red Flag:❌ Trying to bypass permit requirements – Cutting corners leads to Stop Work Orders and costly fines.Step 4: Secure Financing with the Right Strategy 💰Innovative projects often don’t fit traditional lending models.

.🚨 Red Flag:❌ Unauthorized tenant evictions – Rent laws in NYC heavily protect tenants, and improper removals can lead to legal trouble.Step 5: Close Permits, Remove Violations & Secure a Letter of Completion✅Once the work is done, the final step is closing out permits & obtaining a Letter of Completion.✅ Final DOB Inspections – To ensure all corrections meet code.✅ Clear Violations from City Records – DOB, HPD, and ECB must officially dismiss violations.✅ Obtain a Letter of Completion – This proves the building is fully compliant and legally occupied.📌 Why This is Critical:Unresolved violations = major financing & resale issues.

It's hard enough borrow at regular mortgage rates and generate cash flow. 

But don't lead this with tax situation.

I’d recommend starting with rental arbitrage to get your feet wet and generate some positive cash flow.While I haven’t personally done rental arbitrage, some of my employees have, and they found it to be profitable.However, as a long-term strategy, you’re essentially building your castle on someone else’s land.

The Stessa platform is not a full-service PM solution, it's a suite of online tools to track income and expenses, generate financial reports, screen tenants, collect rent, track capital spend, etc.