Worse case scenario they told me over the phone (pre-screening questions) that they're credit score was probably around 400, so that would exclude them anyway according to my Standard Qualifications. 

This is ballpark (meaning there are cases where it's 3x or 10x) holding ballpark constant years in the industry and success, and excluding outliers.EDIT: Actually now that I think of it, appraisers are probably kill my little 5x theory.

Jose,While there are many different benchmarks to compare an investment to in order to gauge success (excluding subjective meanings of success), an easy comparison is one made against the stock market (i.e.

My 200 cash flow excludes the 120 dollars (10% of rent) that I actually pay myself for running it.

There's a "rare" case of the property owner declaring bankruptcy before the day of the sale... you can lose your entire bid amount that way... that's atleast what a lawyer stated in a consultation.3) you call the IRS lien department they can fax you a paper document stating if there is a lien or not its best to have this - unsure about the 120 days start date but we can safely assume it starts once the sale occurs or the date its switched legally in the clerk systems.4) State specific - FL the mortgage is wiped out and all liens (excluding municipality liens)5) No they're giving you a "tax-deed" - see my recently purchased tax-deed below (it may look a bit different after the county officially enters it in their systems which happens around 10 days afterward in FL).6) it depends on how your state does their tax-deeds if it has an online system you can literally see the mailings that have occurred and you'll know if the proper procedures were taken.

I agreed to a “not subject to inspections – excluding termite” clause to get the deal done.

My partner and I are looking at one in Houston with the expenses and deductions totaling ~45% of the gross potential rent of the property:That includes 10% for vacancy allowance15% for planned and unplanned maintenance (lawn, CAM, repair allowance)7% for property management12% for Taxes and InsurancePosted deals often excluded expenses, so I want to ask the BP community for wisdom.Questions: To the experienced eye out there, how does those expense %’s look?

You have to be Accredited to invest in DSTs by the way - $1m net worth excluding your personal residence or alternatively you meet certain income requirements.

You will have to put up with being treated with all the mechanisms that the society excludes aberrant people: contempt, ridicule, disregard.The best thing that I can say about the second point is that once you do start making some money, it's amazing how quickly the same people that treated you like garbage start fawning over you.

Unless I 1031 the property I sell of course but this wouldn't apply to a long-term rental. 1031 exchanges do not exclude rental income from taxes. 1031 exchanges defer the capital gains and depreciation recapture taxes  generated from the sale of the property. 1031 exchanges absolutely apply to a long-term rentals.