Everyone pitches FAST, EASY, NO MONEY..... but that's just not reality for most. 

Worth market a good rule of thumb for new investors I recommend annual landlord insurance at $1200 per year.

It also seems to imply that certain rules like setback are waived if they were not in compliance prior to the flood.  

Even though they are a great tool to use to fix your primary residence, they are not that easy to obtain. 

Rarely is it cheap and easy.

I have made it a hard fast rule to never let anyone move in until the sec dep, pet dep, rent and utilities are turned on in their name.

Some areas may have specific rules regarding the percentage of time you need to reside in the property.Remember that real estate investing is both an art and a science.

Side note, I’m aware of the rules for IRS liens, e.g. they’re senior if recorded before foreclosing party and junior if recorded after, w/ 120 day redemption.Thanks in advance to anyone that responds

@Komal Sekhon, you can forget about meeting the 1% rule for LTR anywhere unless you're buying in a C/D-class market.

Do they regularly buy at tax sale.Rarely are tax sale properties easy money....it is work, just like every other niche in real estate.