I have a great track record with them so they are more than willing to accommodate my needs.

By doing so, you don't have "clean title"; if such a transaction required title insurance, the title insurer would list all liens of record that remain unsatisfied as uninsured / exceptions / exclusions on the title policy.

I guess there will be a record showing it was in a flood zone all these years and what was done to get it out of it perhaps?

I got layed off while they were earning record profits.I have been investing in real estate part time since 1999.

You should keep copies of these records and receipts for 7 years (some will say 3 years is long enough; however, keep them 7 to cover yourself).Open a separate business bank account after you obtain an EIN number from the IRS: http://www.irs.gov/businesses/small/article/0,,id=102767,00.html This will be submitted to anyone requesting a Tax ID number for your business.You will make a copy of each receipt or scan them into your computer and keep them in records.

I am in the process of taking possession of a tax lien property that had an open mortgage on it, the bank must not have been able to get their paperwork organized or decided they didn't want to pay for whatever reason.

Will hope on county record this is not a union.If this a union, so you have a own title/deed but you cannot sell your unit without cousin agreement.

I bought the property with my aunt's money and had a private mortgage/note drawn up and recorded.

Seeing that I'm still in the teething stages of this Real Estate game, I ran across something here in my neighborhood and I would appreciate some advice.SITUATION:1) I was doing a tax record search and I ran across a property that caught my interest. 2) The house was deeded as "Estate of XYZ".3) Did more research of Mr.

Other team members could be those with a better management track record than you have.