However, I think the delinquent taxes are just too high on the 1st one and will make it very tough to make any meaningful money,  likely break even at best for an inexperienced newbie. 

With no buyers agent involved and if you get friendly with the listing agent, you can usually extract information including what offer you need to make to be the winner.Remember, they have a strong incentive to help you over the other buyer who is being represented. 6% commission versus 3%.

Actually, it's not that meaningful in reality and it is a short term indicator, not a good long range assumption for pro-forma analysis.Then, what is a good IRR?

I am developing some immediate goals and looking forward to pursuing something meaningful and fulfilling.

This often actually works out cheaper, by the way, so don't immediately switch to by the tip without doing the analysis.Second, while I don't think it is likely to be true in Alabama, in large parts of the Northeast, garbage hauling is controlled by certain families of Italian extraction, and pricing is what they say it is.

Also, if you have paid down the loan to the point where you will have to start paying a meaningful amount of UBIT tax, it may be better to consider a 1031 Exchange.

The reason is I want to extract as much rent as possible annually and If I wait until year 3 they might go out of business and I never see any rental increase gains.Inflation year over year devalues the income stream which is why you need annual increases.  

I am a Financier/Investor, whose primary objective is to finance any project in the areas of Real Estate, Construction and any other meaningful businesses in Europe, America, Asia and Africa.

You also want rents rising annually instead of every 3 years like national tenants so you can extract maximum rent if they go out early.Weaker tenants free rent if the tenant spends the money for TI is better because if they go out you are not out that physical money.

To extract money out of people who interpret things differently.