They panic then have to pay someone to do an amended return and get a POA to figure things out with the IRS.

I know my city doesn’t enforce STR tax to be paid (crazy!!)

We've recently come across what seems like a great investment property:- Tenant Occupied, paying FMR- Slab home that we will eventually remodel ourselves after the current tenants leave. - Only 4 houses down from my current home in metro Detroit, MI.We toured the property and it was a hot mess, easily a complete remodel because of cigarette smoke damage that seems to have reached every corner, but the prospect of redoing it really excites us.

So in essence you are paying an extra 5k for each empty lot. 

Monthly payment comes to $917,  plus another $350 for taxes and insurance so ~$1280/month due to the seller.Using a private money lender to fund the deal, borrowing ~$130,000 @ 10% interest rate, interest only, principal + interest paid as a balloon after completion  or 12 months.House is a 3br/1ba 950sqft. near a university.

I'm a long time professional property manager and I'm not afraid to deal with delinquency or other legal matters myself, so I only pay for the services I want, like screenings and the tenant payment portal. 

I have been buying tax deeds in Georgia.  

Fortunately everyone was ok and the insurance company has been no problem at all giving a full pay out which is valued at the purchase price in 2020.The pay out is not enough to repair/rebuild as the house was built in the 1920s and would not make sense in the location it is in.

Listen to your Mentor, hire a different tax guy.

Purchase price: $9,500 Sale price: $15,000 Tax defaulted property in Michigan