Thanks PNW, Mr Castillo.I guess I was trying to make the idea too general :oops: .More specifically, when I search the Wayne County Tax website using property ID numbers gained from Zillow, I sometimes come across properties whose status is "forfeited", and others whose status is "delinquent".

One caveat is that typically the agent would be owed a commission if you were to purchase a home that he/she brought to your attention.

The interest is tax deductible but also you can depreciate the property to gain even further tax advantages.

Glad to see you found us.Those of us from PA have been a minority around here, but we are gaining.

Most of these people don't have an attention span longer than the next 5 minutes, let alone 3 weeks.

I think what you really want to pay attention to in California is to look into the decedents will to see if there is a provision included which directs that the estate be administered under the "Independent Administration of Estates Act" otherwise known as >CA Probate Code 9640<.I have talked to attorneys about this, and basically it allows the PR to have an independent administration of the estate which basically means NO court supervision...

I am just curious because all the attention seems to be on SFH when (in my eyes) it seems like multi family would be easiest.

After attending the bootcamps back in 2008 I've now done close to 40 rehabs; many fire damaged and full gut jobs, that I would have never done without the knowledge gained from the bootcamp.

You have to know what you are doing and pay close attention to your campaign.

Our buyer will then buy it from us with cash (so yes, we will have actually owned the property for an hour or so)So, if our profit was $40K, are we liable for capital gains tax, regular erned income tax or what?