What does your tax advisor say? 

They are yielding 5.7% risk free and state income tax free.Lots of really terrible and irrelevant advice on this thread.

The HAP contract transfer seems to require prior experience.

Turns out, as we all expected, the law wasn't followed at all regarding the gouging tax increases last year.

In my area tax auctions don't have deposits.

Unless paired with the above, these are usually thrown out in tax court. 

However, when I contacted the township's tax department, they state that the property tax should not increase that much.

And then they deducted $10k/mo is lost rent from their taxes. 

Please comment/connect with me if you are a:- Property Manager- Hard Money Lender- Contractor- Tax Professional/Accountant- Insurance Agent- Real Estate Attorney- Financial Advisor- Meetup Organizer- Wholesaler- Other InvestorI live in Scottsdale so hope to connect with people local to the Phoenix area, but always open to connect with other people in the state or even nationally!

We have the capital to weather the slow seasons and yes the mortgage is our biggest expense about 55%-60% not including taxes/insurance.