The only thing I read about this was that if you pay the tax bill on the property, you move to #1 position ahead of even the first mortgage and can forclose on the property.

The most important this is to just rush through getting that first deal under your belt.

Almost every professional athlete has a coach. not just a head coach but a personal trainer that helps them stick with their goals.

In this situation, I would go with an OH company because that is the state that the property is located and you will have to file an OH state return whether it is an out of state company or not.I would go ahead and have the company be the owner if at all possible.

So it looks like I might be moving ahead on my first piece of property and I have a question.

I ended up about $2000 ahead with insurance money.

Joe needs to know ahead of time what his maximum price is, so that he is not tempted to overpay for the property.

This is conservative, but realistic.If after double and triple checking your numbers you still arrive at a $12,000 annual NET positive cash flow, you may want to go ahead and take the no-money-down route.

At the very least, it's worth looking into ahead of time.

So anyway, I have no idea what I'm doing, but all I can say is, it's quite a rush!