So far this is a one and done deal but I initially want to make tax sale investment as my real estate strategy, but it seems a lot harder than I thought.

This is something just to think about when it comes to your strategy.4.

Anyways you have a lot of different strategies at your disposal and 120k is great nest egg.

If your exit strategy is to rent the units then you will want a DSCR loan (30 year mortgage for rental property)  to refinance the fix and flip loan.

I’m a positive pessimist, I see opportunity everywhere and when my spidey-sense starts a flashing’ I pay close attention to certain indicators for signs I may want to button down the hatches (put money in money markets, ramp down stocks, buy more real estate assets, other fun strategies…), so here are a few more indicators to watch, all you smarty-pants Skeptics out there: (This is not financial advice).

@Nick BaxterIn the Reno, NV market there are other housing programs that the local government offers that might be a similar strategy. 

I think he did do a good job at his presentation and helped me to find my strategy in Real Estate Investing.

May be something for you to think about and double check whether or not it's the same in your area.The upside to this is that your returns can be great using a rent by the room strategy as long as you are prepared for the specific needs of the market.

This has still benefited my clients when they sell, but it isn't the same strategy as looking for a property that will have big cash flow the second you leave. 

This part, "get approved for a line of credit from several banks in order to invest in a rehab" is not a wise strategy at all.