ARV : $250,000Monthly gross rental income: $4600Monthly mortgage payment: $1100Property description: completely vacant 4 family (three 3 bedroom, one 2 bedroom apartments) in a competitive rental market with housing shortage (large pool of candidates) 7000 sq ft property with massive units, roof was torn off and redone, newer hot water heaters, furnaces, electrical, plumbing.

Are you house hacking?

I recently purchased a house from my uncle that has a shared well located on the neighbors property.

Hopefully these insights will help you on your current house.

I have been buying tax liens for about 15 years and have quit my day job as an electrical engineer due to the Tax deed rental houses I now have.It takes work.

For us, there was really no way to prepare other than making sure we were ready in case we needed to evict if they refused to leave, and then planning for but not hiring contractors until we were sure they actually left. 

Flipping houses can be profitable, but it's essential to understand the tax implications:1.

There is decent diversity in house stock; so you could invest in SFRs, duplexes, 4-plexes, and small multi-family. 

Thanks to quick action by the fire department, everyone got out safely, but the house was left uninhabitable.The FalloutThe damage?

Then I will rent out the entire house the next year.Could you please recommend someone I can contact to get an insurance quote?