Splitting the bill is not a great solution - there will be finger pointing over usage no matter what. 

It doesn't really matter if there is an "extra week" in the month. 

Institutional investors have recogized the opportunity 2 or 3 years ago and it is evident today by all the new luxury appartment buildings comming online. 

They usually will offer tenant screening and online applications as well.

You could use the BP calculator (5 times for free membership) or find some available online for free.The most important thing that is going to get you ahead: commit to do 1 thing at least every day that is going to get you closer to your goal of acquiring and creating wealth through real estate: read, analyze, go to open house....

My CPA that set up the LLC advises it doesnt matter where I hold the property, I can funnel the rents and pay expenses out of the LLC for tax purposes. 

From searching online I haven't got an answer the actual process if I can remove it, every blog says talk to a lawyer, it survives tax deed and purchaser will be liable, but it doesn't answer if I buy whats the process to follow and if its even possible to clear title other than being responsible for the amount.the property is worth around $800-900k, Auction starts around $80k, given the hassles involved, I wanted to know how much it would cost in addition to tax deed purchase to get a clean title.

@Joe Fairless the biggest lesson I’ve learned in life is that all that matters is mindset.

@Mike Cartmell If you purchase the non-performing 2nd, it's simply a matter of initiating foreclosure using an attorney or trustee.

I have done several courses online including the real estate license course which I had done from https://grel.org/.