Without the resources to spend the money and time to find off market deals, do proper due diligence, and to fix the problems that will come from "deals" that likely have issues preventing them from going to market, it's an uphill battle for most.

-If/when there are issues go out of your way to fix.

So I am a new investor, although I know a fair amount of different investing strategies.  

The title company will ask them for a payoff amount (which is why it should be 3rd party serviced so you know they did not miscalculate things) and then he gets paid off - he does not see the closing disclosure / HUD

Even buying a $100,000 property wipes out almost everything and that's assuming you don't have to make any initial fixes/repairs.Retaining as much of your personal capital as possible should be a priority so that you can cover anything that may come up in your property or in your personal life. 

Hi, I am just wondering what a potential PML would be looking for in a deal. I am wanting it to be a win/win situation for everyone so we all walk away happy and with money in our pockets. Just wanting to provide the ...

In response to some of the questions, $20,000 plus the loan payoff is in fact a reasonable market price.If I am going to have to report rental income, I may need to consider increasing the rental amount to cover my taxes. 

On to the refi plan which was to one by one fix and refi the properties in a portfolio loan.

Midlothian, Va vs Toano, Va.Property:Midlothian New Construction Stanley Martin 2 over 2 style:  3/2.5ba 1579sq priced at $410KSeller incentives : 5.5% fixed rate for a 30 years.  

The tax increase was 14.75%The 2023 tax without the special assessment was $4,054.04The 2024 tax without the special assessment was $4,274.83Here's the breakdown from the County's website:Values established by the assessor as of January 2, 2023Estimated market value:$334,000Taxable market value:$326,820Total improvement amount: Total net tax:$4,274.83 Total special assessments:$8,137.29Special assessment details:010272316GST IMPRV RESURFACING$247.350109602023VACANT BUILDING REG$7,703.710125121T052021 TREE REMOVAL-5$186.23