Many Indians and Asians have huge families and they often cook and hang out in the garage.

Cook county holds tax sales once a year.

Kevin even met me at the property and returned me to the airport when I needed to fly out.

Even if I paid the full assesed value plus the new construction puts me at the 120K mark.

With the numbers being as stated, why wouldn't the wholesaler either sell retail OR sell for more $$$ instead of leaving so much meat on the bone.Tamara I wouldn't let the unlikeliness of this deal run you off.

My understanding is that if I rent them after I rehab for a while they tax me at the lower rate.

That is a very sophisticated strategy for me at the moment.

While accounting is all about counting the beans, economics will help you see how the beans are cooked, LOL, meaning that's when the three topics of finance, accounting and economics make the complete receipe.

And doubt that any bank would lend me at this stage when I am starting out.

On the other hand, if the fire was caused by something your tenant left cooking on the stove, then you are not personally liable since your acttions did not contribute to the fire.