Worthwhile if/when you need it - but it’s always nice to be able to close in 1-2 weeks and not worry about anything other than a clean title!

We've also done some private lending to larger self storage developers as well as secured a nice sized HELOC on our property in hopes of using it on our next project.Our goal now is to build out our rental portfolio faster than we have been to try and gain financial freedom within the next 5 years or sooner. 

It would be nice!

If the loan is $100,000 to purchase and $50,000 to rehab, with a lender giving you 85% of purchase, 100% rehab, you're going to need approx $25,000-30,000 to do your part of the loan, and the rehab. 

Today those homes have doubled in cost, which would’ve made for a nice cash out refi (just recently have heard of BRRRR method) to invest elsewhere.Since then I have been hot and cold on the idea.

Especially if you are going to need some capital for renovations, I would put down less initially.

Would the buyer ask him nicely to pay the taxes now discovered due on a done deal that he signed, recorded and walked away?

I don’t know your area of Florida, but here in Tampa a 4/2 is worth it’s weight in goal.

Very nice. 

It may be worth it though, I actually used to rent an apartment right around the corner from this place, it was in a four unit building that’s as almost always at full occupancy, as far as I remember the entire 2 years I lived there only one apartment was ever vacant and it was rented in about a months time.I found a 3bd 2ba MH on my local Craigslist that seems to need minimal work, the previous owners did major updating, asphalt roof was replaced about  7 years ago, new furnace, new floors and paint.