If there are excess funds after paying the local/school real estate tax bill, the remainder can go to:Current real estate taxesCurrent Muncipal liens for water/sewer or any other bill initiated by the municipalityState Liens, usually for outstanding state taxes, sometimes employee/employer taxesPA State Inheritance Tax which applies to all deceased owners and starts at dollar one with no exemptions, unlike the Federal Estate Tax. 

Know your tax situation first though because real estate may or may not benefit your tax situation!

With the current economic conditions, how are shifts in interest rates and inflation affecting your investment strategy in the U.S. real estate market?

The recent settlement involving the National Association of Realtors (NAR) is set to have a significant impact on the real estate industry, including for real estate investors.

Rental Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Check the Facebook group "Quad Cities Real Estate Investors" I can do some more research and interview some if you'd like a broker that plays in the space all day.  

We host a monthly real estate meetup and we have people that come to that all the time and complain about what they didn't know.

For those of you that setup a revocable living trust with your spouse/partner for your real estate LLCs and other assets such as bank accounts, did you setup a single revocable trust or separate trusts?

pid=2114Houston Real Estate Highlights in August, 2024:• Single-family home sales declined 8.3 percent year-over-year• Days on Market (DOM) for single-family homes went from 43 to 47 days• Total property sales were down 11.2 percent with 8,730 units sold• Total dollar volume declined 8.8 percent to $3.5 billion• The single-family median price was down 0.3 percent to $336,940• The single-family average price rose 0.9 percent to $421,912• Single-family home months of inventory registered a 4.5-months supply, up from 3.2 months last August• Townhome/condominium sales continued to decline, falling 16.7 percent, with the median price statistically flat at $226,000 and the average price declined 1.2 percent to $258,952.

I would not trust random people on the internet  LOLmy guess though is you do.. their might be a few states were you don't need a license but not many if any is my thought on it.