There is a 1 year redemption period where the owner can pay their taxes. 

There is a 1 year redemption period where the owner can pay their taxes.

Now, you need to figure out how to find deals and pay for them.

That may not even have had bank accounts growing up paying things in cash and with money orders.

Give them a piece of the deal if they pay off the bad loan.

I would NOT be taking ANY pay for these, just doing them.

As of 2024, the bonus depreciation is 60% (subject to change pending the passing of laws) which allows you to immediately depreciate 60% of the asset’s cost.1031 ExchangeA 1031 exchange is a tax-savings strategy that allows investors to postpone paying capital gains taxes upon the sale of an investment property by reinvesting the proceeds through the purchase of another property (i.e. a like-kind exchange).

I heard the way it works is the plumber applies, has to pay the permit fee and then gets reimbursed months later

I pay my PM over $2k/month to manage each of my STR units.  

Be careful when doing business with family unless you are paying full retail value for their work.