I dont have experience buying but have looked into it, from what I can tell, if you buy it at a tax auction, The owner has a certain amount of time to reclaim the property.

Quote from @Mike Shahi: @Russell Brazil thanks Russell.

From what I understand, this isn't technically an income tax but a "community charge" based on income.

We are currently in the process of Renovating this home built in 1965 and plan to have completely transformed it by spring 2025.

I'm LaShathan Banks from NOLA/Slidell, La passionate about real estate investing, And I looking forward to learning more. 

You can play landlord for a few years and you'll learn a lot from doing that (especially hands-on) - but long term not a winning strategy.

That should help significantly.

I'm really excited to be part of this group and learn from all of you.My mentor always said If you want to fly, hang out with eagles, not turkeys.I'm here to learn, network, and start building my own investment portfolio.

@Richard PastorI would urge you to get a commitment from a lender on a heloc BEFORE going down this path.

I did house hacking and still doing it and to start I hired a property manager to both learn from and to allow me to continue working full time until I was able to take over managing the property.