.:...My understanding is that the highly touted tax benefits of owning rental property boils down to [1] you can write off expenses (but I don't see that as a benefit; I don't think people should pay taxes on money they didn't make), ...Well, for the most part the expenses that are a "write off" reduce income that was actually received in the form of rent; so that basically just lowers net income received.

Phillip here's the basic info.

Basically, it's creating a situation where you know that someone is going to get hurt.

Here in NJ we have what's called 'Operation of Law' which basically states that (generally speaking) if more than 2 years have passed since the Mother's death, then title automatically passes to the next of kin (if intestate) or beneficiaries in the will (if testate, and this part is an assumption).

HML's, in my opion have a bad reputation due to the lack of professionalism, honesty and integrity of those who basically enter the arena with a sence of ruthlessness about profits driven by greed than any public service, not all, but enough to taint the barrel.Wearing a suit doesn't make you a professional, neither does a bank account, a college education or having an office.

There are basically 2 choices: owner / 3rd party financing.

Basically, after six months, I can rent the property to a third party.

This is basically for showing the investor how I came up with bids, comps, and just general info on the properties coming to auction.

I will order a diminished value report, which will basically tell us the value of the 11 feet and FATICO will compensate you for the loss of that 11 feet.

You might also want to contact a title company like Fidelity National Title (https://www.fntic.com/) that has local offices in the area and speak to a title officer about getting insurance and may offer some basic tips.Anytime a property even starts to go into the very early phases of going bad (from N.O.D. to ultimate auction/REO status) just go with the mindset and assumption there ARE title issues and it should be one of the first things you look at before buying ("Is there an unquestionable clean and marketable title?")