Lastly, if you represent yourself, be prepared to block out several days for court appearances, no matter if the tenant shows up or not. 

I'd also recommend these two books by Avery CarlSmarter Short-Term RentalsShort-Term Rentals, Long-Term WealthI've been doing a lot of the BiggerPockets books as audio books while I drive instead of just my usual podcasts when I really want to drill down and learn a specific topic and I'm loving it so far.

Lastly, what’s a reasonable interest rate to offer the seller on their financing?

Therefore the time frames don't align and presuming that people logically stop paying their taxes and mortgages at the same time, the Sheriff Sale would happen long before the Tax Sale. 

I've always been super interested and have helped my mom renovate her place in Bellevue WA last year.

We had 2.2 months of inventory in August that is up from last years months of inventory of 1.4 months back in August 2023.We also have had a nice drop in mortgage rates the last several months so I am just hoping rates stay low and inventory increases even more so that we have a lot more real estate sales this winter. 

Once you figure in the time you spend at the coutrhouse, it just might be cheaper in the long run.Sharon

In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing  my total taxable income by $100k. 

A property manager who is honest and transparent about both the good and the bad situations that arise can help build long-term trust and avoid unpleasant surprises.2.

How much and how long was the rehab?