Depending on the price point, discount and rehab time this can make a difference of one or two thousand dollars in property taxes paid.For what it's worth, I haven't done a lot of rehabs but the ones I have done the assessor initially puts it at ARV (roughly) which is somewhat higher than the purchase price.

I had thousands.

Hi Don,My dad worked for the main post office plant in Atlanta as a supervisor over thousands of workers on the over night shift.

Work together because, as you know, a picture is worth a thousand words. 

(We get somewhere around a thousand dollars a month in scrap metal from various projects.)Prep work depends on the city codes.

I do like the idea of little to no money down, letting them walk away paying nothing should be peace of mind enough not for us to have to spend a few thousand now.

Back taxes are not huge a few thousand and I would be rehabbing and on holding this so purchase price would just have to be low enough to add back taxes, closing fees and rehab and not go over my idea of a good buy.

I spent maybe an hour on this 350k proposal.The bad part for them is they were too cheap too offer me $250 dollars when they have 100s of thousands riding on the deal.

There are thousands of ways to do a deal when you can drill down to the basic concepts of RE.You won't get that from any guru or seminar I've heard of, nor will they loan you money.

If there were an eviction, I would absorb that cost by paying for a lawyer out of my gross spread (or paying thousands for the person to walk - I estimated $1k in legal fees and $5k to the tenant to leave plus $2k in damage in a bad year in the scenario in my original post.