That investor seemed to have a habit of waiting until tax lien investors filed for the foreclosure and then buying some previous interest in the property for a nominal sum and redeeming at the last moment before the deadline set by the court.

Most of what they think they are trying to achieve with this is already covered under the recently revised habitability laws anyway.

Hello all!My name is Dylan. I am a brand new real estate agent in western Oregon (specially the Eugene area) and an aspiring real estate investor. I've read about and have become interested in the BRRRR method of real...

If you fail to do that, your financial habits will just amplify your financial problems.

Keeping your books and records in order can be a huge task, but it’s vital in allowing you to make informed decisions, have accurate financial records and ensure you are in compliance with regulations.

There are tons of temples on the internet, you can download them then modify one for your purpose.After you build up a good habit of tracing records, an iPhone notebook can actually do the same work.

If contractors say 3 months expect for 6 :), and who you work with to finance your deal is vitally important.

Assessors records typically assume normal wear and tear unless a building permit is issued for repairs or it's placed on a "unfit for habitation" list.

Which ultimately can be just as bad, while building poor investing habits. 

2) I'm not quite sure with all of the zoning issues in this particular neighborhood, but I assume it would not be easy to make the basement unit habitable (not sure if its just an egress issue)3) If the house is currently fully leased, would it be possible that I stay in the illegal unit in the basement?