At first it might be a little slow as you are still learning but for subsequent ones be ready to move quickly.I second what J says about getting licensed, we are still working on that.

Tax liens are a higher priority than mortgages, therefore, if you foreclose on the lien at the end of the redemption period, you wouldn't have to pay off the mortgage, you would only have to notify the bank and all other lien holders of the foreclosure (see statute per state) before you will be able to foreclose and receive a tax deed (which will need to be cleaned by an attorney $1,000-$3,000).When you foreclose you will ONLY have to pay off the liens that are ahead of yours, as well as other tax liens purchased by other investors in subsequent years. ie. 2 year redemption period, you buy lien from 2010 due tax, and another investor buys 2011.

Fortunately, one of our tiny houses has a bed that slides under the kitchen floor, with the bottom end sticking out to serve as a sofa during the day.If you can make it all happen, it sounds like that would be a very marketable property!

What's more, you can continue to 1031 subsequent rental props, leapfrogging your portfolio over the course of your whole life, deferring taxation all along the way.

Any allocation of passive losses you cannot use in that calendar year will carry over, so they can be used in subsequent years.Keep in mind, some property types will garner more bonus depreciation than others.

Any allocation of passive losses you cannot use in that calendar year will carry over, so they can be used in subsequent years.

If you put in the above in the sales contract as an addendum, then reference this in both the original short sale package letter and subsequent conversations with the negotiator, you will have an easier time getting what you want.

If S had not enclosed the deck area and brought an inspector out there, things might be sliding by with everyone paying as agreed.

Am I a SOB for not letting her slide on the rent?

There is a (current) mortgage on the property, but agent didn't know that amount.Instead of checking my own marketing database while on the phone, I subsequently check after hanging up and see that my probate marketing has reached this same estate address.So ....