I have rehabbed a few properties lost money on last rehab.

Hello Guys,We have the opportunity to help a person we know redeem its parents house that they lost at tax sale to an investor 8 months ago.Attorneys seem to say there is a way to file a petition at the courthouse, pay the delinquent taxes and get the title back.

They are basically saying that every year 1/27.5 of the value is lost in the structure.

I believe the difference is that in Texas you are allowed access and possession during the redemption period and therefore can somewhat control the condition of the property during the redemption period which is a positive for the underwriters.

It does happen but it's difficult because so much of the map is controlled by HOAs.  

One bedrooms typically have higher turnover and that adds costs in makeover, lost rent in transitions, etc.  

I believe in "control everything, own nothing" so basically I want to have the least amount possible into my investments, I want to carry a mortgage for a long time because the COC is higher and having money sitting dead in your property is not making money.

I have lost a small fortune with these these things flying away!!! 

Remember you don't have to own a property to control it.Download BP’s newest book here some good due diligence in Chapter 10.

Usually the only reason it did not sell is because of the unreasonable expectation by the seller of value.Market for properties in low income neighborhoods, look for vacant houses, send letters to non-occupant owners in those war zones, start with junk real estate, make offers to control them.