If not, what are property tax sales? 

Forming an LLC for your rental property can offer liability protection, but no real tax benefit.

Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.

For example, using 70-80% leverage could preserve your cash for more deals while maintaining strong returns.A blended approach might work: pay cash for smaller deals to avoid delays and borrow on more significant properties to spread risk.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

In Michigan, the ultimate garnishment is state tax refunds (federal cannot be garnished).Not seeing how you are going to successfully do this on your own - remotely:(

While property taxes are higher, the long-term upside is strong for investors looking to build equity while maintaining a solid rental base.If your focus is slow and steady wealth-building, Memphis, Little Rock, and Oklahoma provide great value and predictability.

I was very relieved when I saw how much I avoided paying just for those two things.

And while it is not your job to be an expert loan officer, it certainly helps to avoid these situations. 

You will need 6 months worth of the payment (including taxes, insurance, HOA) in liquid assets to show an underwriter.Now with doing a rental agreement, do I need to have tenants living in the home first or new prospects lined up before the underwriting?