The key is to have the proper team in place such as a title/escrow company familiar and capable of back to back closings, an attorney, to properly advise you and construct your documents for full legal disclosures and verbiage in your documents, and a quality transactional funder.With all of that, you can successfully complete short sale transactions.

The key is to buy every property at a BIG discount so that you are building a significant net worth as your debt increases.How much cash do you need for reserves?

Like with almost anything, the key to Tax Sales is knowing the rules and strategies to Invest with Success.#1 Tax Sales are SAFE, #2 (ROI) Returns are GUARANTEED, and #3 All Tax Sales are GOVERNMENT MANDATEDSuggestion: Attend a Few Sales at the Courthouse in your neighborhood.

Check out the neighborhood; understand the comps; determine any repairs needed; look at the leases; etc, etc, etc.However, assuming all that is satisfactory, the key point with rentals is to make money.Here is how I see your potential deal:Gross Rents: $3,890Operating Expenses: $1,945NOI: $1,945Mortgage: ($99,900, 30 yr, 8%) $733Cash Flow: $1,212 or $151/unit/monthThis is an EXCELLENT deal from a numbers standpoint.

Thanks, MikeThe key to advertising is consistancy.

As always, the key to minimizing long term expenses is sensible preventative maintenance, and using products that provide the best value.

If your market is slowing, the key is to get in and out FAST.Mike

lol) anyways i am in the phiiladelphia area.also thankyou all for the welcome probally even hope to do business with some of you one day. until then success is the key......................................

Now you sit and wait for the closing.Your investor pays for the property and recieves a key at closing...and you will recieve your assignment fee!!!

Doesn't leave much margin against the inevitable issues that crop up, though, so I think I'd tend to stay at a lower purchase price.You do get free living space for a year.You want to avoid it becoming "your house" and letting your own tastes have too much influence over what you do.A risk is that the market may be very different a year from now than it is now.