As for the property management aspect of it, I can report mileage from my home to that property, correct? 

Does this encompass going to Home Depot and the like and estimating the cost of materials used in building the dwelling?

@David Dachtera - many thanks for the reply and the information regarding the liens and deeds.However, I'm looking to buy a list from a  list provider so that I can send out Direct mail to owners of property who have failed to pay their taxes on said properties, and am not (at this point) looking to buy Deeds or Liens.If I ask for a list of Tax Delinquent properties for my county, I'll be provided with a list encompassing every property type, every zip, every financial situation (high equity, no equity at all etc), and everything from condo'a to townhouses, SFR's to Multi family.I'd like to understand what criteria I need to specify to the list provider, so that the list he sends me, is targeted and not just a blanket list covering all the above.I don't even know if this is possible . . . . !

I am interested in all aspects of real estate but more specifically in property management and investment properties.

It is a good community to network and learn about all aspects of real-estate investing.

It is a good community to network and learn about all aspects of real-estate investing.

My recipe, too, along with best practices you get a triple coat of armor (no guarantee of course) but if you (1) are careful/reasonable/meet standard of care in all aspects that helps (alot); (2) have your landlord's policy (mine is in that same 300K occurrence range with all the bells and whistles); and get an (3) umbrella, and RLI allows me a number of residential rentals (which expressly includes up to fourplexes) Very affordable 1-3 million range in my opnion..

It is a good community to network and learn about all aspects of real-estate investing.

It is a good community to network and learn about all aspects of real-estate investing.

Due to the appreciation aspect of real estate, while rentals may incur losses for many years, the investor may profit significantly once he/she sells the real estate.