So, you are going to pay down your mortgage with your after tax dollars to pay down debt that you will then turn around to pay closing costs to recoup?

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

I expect you will have to pay transfer taxes based on the assessed value of the condo unit in order to transfer the deed at this juncture. 

The pro-forma (then) Jax Investments provided was conservative in that the taxes were overestimated and the rents ended up being more than projected.

An Option that is closer to you and affordable is Vegas.. some of the lowest prop tax's in the country no big weather extremes find newer homes and ready rental pool.. with mid term rentals a reality. 

I am interested in purchasing tax liens and properties at deeds sales to create a STR and LTR portfolio.Would love to connect!

But if  you break it all down yourself, its a negative CoC return and you are losing $......yes there are tax benefits, loan paydown, etc. but that still doesn't make up for the fact you are profiting 0, especially if you are investing in a cash flow marketIn the end, if you are just looking for places to park $$$ for the long term it may work out, but if you are looking to make an annual return on the money you put in there may be better ways of doing it.Just my 2cents on this, I'm not a big time investor like some of these guys and they are a successful for a reason.

The added benefit is the equity you have now created in your personal residence that can avoid capital gains taxes if you live there for at least two years. 

And another $200 in property tax.

Hey bigger pockets, I was just wondering what some older more experienced real estate investors thought about the idea of buying tax deeds.