The taxes are a concern. 

The other reason is that it makes it a little easier to self manage......as far as the tenant is concerned, I'm the manager and a company owns the property. 

Because of the very long process involved in the pre-sale, and the fact that post-sale challenges must have good cause, post-sale challenges rarely happen.Also, at least with the tax sales I'm familiar with, you need a check in the amount you are willing to pay for that property on the day of the tax sale. 

I tend to agree that we'll have a few more good years although I do think raising interest rates will cause an increase in cap rates and a correlated decrease in value.

The numbers currently make sense but we are concerned with the potential Health risks as well as how this could effect us being able to rent the units in the future or selling  the property a few years down the road.

If she causes you any issues with showings serve her with a eviction notice. 

I much prefer a lower cap rate in California knowing there is a high likelihood of long term rent growth and capital appreciation vs. concerning myself with a higher initial cap rate in the midwest but on an asset where rent grow is small and an asset that is deteriorating. 

The biggest concern I have is that most individuals in my network will not be able to cover the whole $100K purchase......and I wonder about having 3-4-5 private loans and the costs/hassles associated with that.  4th lien position? 

Account Closed when you're talking about doing the BRRR strategy but buying at 80 - 85% ARV are you talking about leaving some money in the deal after you refinance cause most banks will only refinance for 75% ARV.

What I'd like to know is what are some effective ways to vet my tenants so I don't have some sketchball renting out one of the rooms and potentially causing damage, not paying on time, etc.