Most high-income earners who think they can pick up 5 of these properties for the cost of a good downpayment on a Cali property and cashflow easy passive money CAN NOT do this.On the other hand, if an investor knows his/herself as someone with the experience and talents needed, and is ready, this is a more or less, color-by-the-numbers, easy (yes, easy for the right people) enterprise.  

@Mack Owens check this out “SERVICING: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (11/08/2017)This topic contains information on allowable exemptions due to the type of transfer.Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:~ the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.”

You'll feel a lot better on your second and subsequent deals when you realize you don't have to know what is going to go wrong, just that you have saved up the reserves to pay someone to fix it.

What have me confused is do you have to have 3  consecutive subsequent year of paying of the tax liens or 3 years after you purchase a lien you can foreclosure and if there a lien holder a head you and if he don’t file foreclosure after his 3 years is up and you file foreclosure before he do, the quiet title deed will go to you? 

The steps to create a tenants/start their lease, and then subsequently end their lease and move them out are too rigid and time consuming to make it helpful for short term guests. 

People generally love to talk about themselves and subsequently what they've done to their homes.Hardwood will always be popular, refinished is good.

America became the great nation we were because of the free enterprise system.

Contracting and flipping are both high effort enterprises as is having a new baby.

NEVER use a general contractor (subsequent f/f and f/h we did ourselves turned out much better). pandemic was a challenge to get materials above all - managing GCs who were unresponsive and disappeared Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you do an installment sale you will pay in the first year and subsequent years the pro rata depreciation recaptured through installment sale income reported on Form 6252.