In my experience, we work closely a family and manage the property they live in.

My primary residence is debt free as is my rental property-- the thought is the rental will supplement the retirement income and I'm not chasing ROI/ COCr / vacancies / etc.Thanks for the welcome! 

It’s looking like this will cash flow neg just with est mortgage payments plus insurance and taxes of $1100ish (after renovation), property management of $120.

My wife became a realtor in March & I recently jumped on as the business development manager of a long-term property management company.

I dont have experience buying but have looked into it, from what I can tell, if you buy it at a tax auction, The owner has a certain amount of time to reclaim the property.

If you live in the property for at least two years, you can sell it without paying ANY capital gains tax (unlike traditional flipping).We've done this a few times, but almost every time, we end up keeping the home as a rental.

Or can it be created right before the property is sold? 

We also assist with tenant placement for insurance claims that we cannot fill in our own properties as well as beginning to cohost for some MTRs as well.

Lilburn is along the same lines as what I noted above, your acquisition budget needs to be at least around $300k (maybe high 200s) unless the property is distressed.

Has anyone ever used this type of product on an investment property?