Hey guys, just a quick bit of food for thought and discussion.I understand that screening tenants is crucial nowadays but I am starting to think that going with a month to month lease agreement for new tenants will be a good way to counteract the effects of COVID.

@Darrick Lowe Your mortgage holder probably has no desire to let you change the entity structure of your loan, and it is likely they can't due to various rules and regulations they follow as it was underwritten as a primary home loan.

In FL if the property goes to tax foreclosure the tax lien holder does not get the property.

I moved out at 18 and paid for my own schooling, rent, food, etc.

If you do not want to catch the virus, don't do take-in food. 

Any watch-outs, pointers etc.Also, are there any statistics on the number of properties which actually have the deed transferred to the lien holder due to the owner not paying off the tax bill (plus interest) before the redemption period expires (1 year)?

@Nathan G.Thanks, food for thought

Normally a HELOC lender takes 2nd position and the main mortgage holder takes 1st position lienholder.

This is coming from 4 main areas: wholesalers, fix and flip investors, tired landlords, and note holders that have taken back property through foreclosure or a deed in lieu. 

land in the path of progress buy cheap hold for 30 years.middle aged timber land  hold 30 years to maturity.cash flow is a place holder for appreciation if you dont want to own 100 doors.