This is a story from my past that provides a perfect example as to why investing in tax liens at auction is so dangerous for any but the most experienced and knowledgable investors20 years ago I purchased a SFR as a long term rental investment that sat on a double lot.  

It's hard to find a "perfect" market that is knocking it out of the park on all these parameters. 

Valuing your time and understanding your limits and skills will make a big difference in the equity you build, the quality of the work and your sanity. 

Your basis is the value of the property at the time of inheritance.

Hi Brian, the majority of hard money lenders want you to add the rehab money to the loan.

The wrong property management approach will lead to the dreaded three:1) high drama,2) high turnover,3) high property damage.Use Household-led Property Management (HPM) developed and perfected for co-living.5.

Hey Tori, Welcome to the forums and congrats on yoru success!

I've got perfect feedback and great guest reviews on my STR but I'm better at running LTR.

The problem is mainly a concern for people with a net worth or reasonable income. 

Their children (now in their late 40s) inherited the house, but they have not listed it on the market, and I heard that neither is willing to move into it from their current setup, so the property has been sitting vacant.