Dangerous I know.

The city is rather old and definitely "rust belt" territory.

I am aware of the HOA dangers with townhome properties, so I check their statement of reserves and policies when it comes to this.

Well, usually they have territory brokers, so you can call and ask who handles your region, or if you see something going up somewhere else, you can always ask the owner for contact info.

But I'm curious if anyone here has ventured into this territory or knows someone who has.My Questions:Has anyone successfully used this strategy to lower their property tax bill?

Yes i am learning that more and more about the US which is why i wanted to explore this territory.

Yes you will inherit all existing liabilities of that LLC so this is potentially very dangerous.

Wholesaling is something that, while not illegal, can get newer investors in some legal jams because it is so dangerously close to providing the services you need a license for.

If you are doing all the work though, it is getting into the SEC Security territory.

.- if at all possible, don't try to live off your rental income until your cashflow AFTER reserves covers twice your monthly cost of living. it's a dangerous game up until then.- having lines of credit in addition to all that helps me personally feel more secure.hope this helps!