To determine the assessed value for year 2, simply multiply 6% to previous assessed value plus previous assessed value ($6,000 x 6% + $6,000 = $6,360). 

I simply do not understand why anyone wants to invest in markets where cash flow is hard to achieve.

also, if you win the online court foreclosure auction, i assume the clerk of the court will payoff the first mortgage company who initiated the foreclosure action and pay them off and end of story right ?

Someone either wins the bid or, no one bids and it reverts back to the beneficiary (Back to the bank or whoever the foreclosing entity is).

Is one faster than the other or easier to win in court.

It takes trial and error, failing and correcting, eating crap than having to get back up, but the best part is if your in it to really win it, than everything will just be a learning experience. 

We simply got tired of arranging for inspections, then replacing perfectly good handrails because they weren't the proper height, and so on, and so on. 

We have flippers who simply move the furniture from home to home.   

You simply can not invest without cash.

foundations are pretty common issues i have found in Texas and other parts of the deep south.issue is how extensive do you need to cut water sewer lines.. patch cracks in the walls then repaint etc.some areas are simply worse than others.. and some builders got away with minimum foundation thickness that will be a constant problem..