For those willing to expend a little more energy than it takes to flip a coin, consider comparing current marginal tax saving rate vs. predicted marginal withdrawal tax rate.

My experience was that their annual inspections were very harsh depending on the inspector, in some instances giving me 24 hours to fix an issue or withholding rent, changing the tenant portion of the rent annually, usually meaning more of it came from the tenant and tenant's portion usually late, tenants don't have much expendable income so do not keep the property up as well as others.  

This has not been my experience with most tenants.Most of the tenants have hard time taking care of themselves.The worst is when they try to breed them and walk around with chain leashes to feed their weak egos.I just wish these people would grow up.I am an animal lover but do not believe large dogs belong in apartment complexes.They need a house and a yard to expend the energy and not claw a place up trying to get out of a small space.

 In the 237 places that don't selected, there is going to be some bitterness, particularly the ones that made a serious effort and expended significant resources.... 

That entirely depends upon if the lending activity even rises to the level of a trade/business: Scallen v Commissioner 2002 and Cooper v Commissioner TC Memo 2015-191the total number of loans made;the time period over which the loans were made;the adequacy and nature of the taxpayer’s records;whether the loan activities were kept separate and apart from the taxpayer’s other activities;whether the taxpayer sought out the lending business;the amount of time and effort expended in the lending activity; andthe relationship between the taxpayer and his debtors.

The wording in the Texas tax code is that the tax deed holder will get reimbursed (plus 25%) for money expended "for maintaining, preserving, and safekeeping the property."

It's a long story, but I suggest a running total of the expended rehab be promulgated in each monthly report.Regards,Charles LeMaire

The wealth is already growing organically and that’s great, but why then expend your time acquiring more and more actively?

And then one day I woke up and realized there's opportunities to be explored, now, and I was expending a lot of effort on things that I can't stop anyway.These days, I spend virtually zero time or energy talking, debating, or planning for catastrophe.

The margins are slim, and you bust your butt and expend a lot of time and effort to eke out a few dollars.