If anyone has any tips or tricks to a first-timer, feel free to leave a reply (especially curious about standard practices for identifying deals).

With asset based or DSCR (debt service coverage ratio) loans or rental specific loans, lenders calculate the income by the PITI (principal, interest, taxes and insurance) to qualify for the mortgage loan.

Note: I understand you are not giving me legal and tax advice via the internet forums and take it as such and will consult my own accountant.

A book I’m reading mentions “taxes” should be included in operating expenses but they don’t specify what type of taxes.All it says is “call your local county or look online at the county assessor’s page”No clue what that means, could someone clarify what taxes they’re referring to?

For any noobies:  Research a ton and feel free to reach out to people nicely, you'd be surprised just how often people want to help. 

The tenant has not paid anything since April 2024, effectively staying in my property for free for four months.

My  CPA strongly suggested that I set up my LLC in the Tennessee for tax purposes.

Is there a way to do your own title search when looking up tax deed properties?

Your experiences and insights can be invaluable in helping me make an informed decision.Please feel free to share your thoughts, experiences, or any relevant information.

Please feel free to contact me for additional options and information.