I would have it all leased up well before the project would be done.I did go a little low on the maintenance budget but I figured if everything is brand new and the construction company guaranting their work that I shouldn't have many expenses for a while.Taxes will roughly be 900/mo after the 5 year tax free period ends.I included the up keep with the property in the maintence budget.

As long as the water is on and I can make sure the waste lines run smoothly, I will also not request an inspection period.

Most will not rise more than that much over a 10 year period.

As far as Delaware law, put in a call to an attorney to ask for some information on the process in your state; however, I found this link which will tell you some information: http://www.evictionresources.com/eviction_process_articles/delaware_eviction_process.htmlIf they do not make the payment by the due plus the grace period, then you need to immediately start the eviction process.

Jeff, doesn't your real estate give you an inflation hedge, and at the same time gives you income, leverage, and tax efficiency?

Bill Walston : Is there a time period for ownership that signals the intent...own/rent for 1-year, (investment), or re-sell after 90-days without renting, (inventory)?

As for Denver County auctions...In Colorado auctions are held by the public trustees of each county.Below is a link to the Denver County public trusteehttp://www.denvergov.org/clerkandrecorder/ClerkandRecorder/Foreclosures/tabid/437349/Default.aspxI have not attended Denver's Foreclosure Sale/Auction, but my experience is that the public trustees required a certified check(or other good funds) at the auction.I would certainly speak to expert before participating as it is a buyer beware (caveat emptor) purchase: -No guarantee that the foreclosing lien is in first position-No rights to inspect-Can be redeemed out by other jr lien holders after sale-Persons may still be living in the property and require eviction or other arrangements-Lessees may have a grace period to leave-All sales are finalI am not an expert and that is just my personal understanding.The aforementioned is personal opinion and none of the content should be considered a binding offer or agreement.

I am assuming that the property tax we paid on our condo back in November 2011 covers the time period of 7/1/2011 to 1/1/2012 exactly.

That said, I am surprised at all the pro 401(K) positions from a lot of good investors in this thread.Matty M Aside from the tax efficiency, matching, and higher contribution limits, I am in favor of self directed 401Ks.

I bought a lot for 25K, with a study period of 45 days.