If I invest that money into a rental property that breaks even, wouldn't I actually be cashflow negative $150 per month now that I'm not getting that interest from the HYSA anymore?

I would also add that if you're planning to pay cash ( and actually leave the cash in the house), if it was me I would 100% skip flood insurance in that area.

When a property is actually identified I would run the actual numbers for the rehab.

They split the profits 50%/50% while we suggest one or the other have 51% actual ownership, for decision making purposes.

While this sounds great, how does this actually work and does it actually turn a profit?

Well, actually, many jump in without asking a lot of questions, but they get screwed by crooked/ignorant agents, contractors, etc.Many here will recommend starting out by finding a good agent.We emphatically DISAGREE!

Today, that is still only Jefferson County, although Madison County is gaining on them.If you take the risk and take possession of the property, and hold possession for 3 years after the tax deed date (6 years after the auction in your case) then your "short statute" adverse possession of 3 years will defeat any heir's claims the tax sale was void.

Presales could actually be a great way to raise gap funding, but buyers might only want to do this with major builders.

And to date, not 1 of the naysayers and doompreachers has come onto BP to recant there "certainty" predictions that were SOOooo wrong. 

Actually I have done a second one since, but I just haven't posted about it yet.