and the only thing I "really" look forward to is the day i don't have to do what someone else wants me to do in order to get paid. 

What earnings procedure are you referring to. i am guessing you mean the interest on the tax lien.

I bought the property using Subject To, (I took over the loan) so there is an existing mortgage payment he would be taking over.

First place I go to is your lender HELOC department. 

Their car getting broke in to is irrevellent to the situation .  

They said they don't *want* that type of rentals in the community, but when I asked them for specific guidance in the CC&Rs, the only thing that they could point me to is this clause:"Use of Individual Units.

My questions is is how do you guys go about creating the mail/post cards, and how do you obtain the list of addresses in a certain area to send to? I

@Chris Jensen I didn't purchase my first home until 2012, which was the lowest point that Riverside, Illinois would get to. I

While I don't like to, I have the ability to do a deal in a matter of days. 

So I think what it comes down to is: having multiple investment strategies in mind and discussing them with your CPA assuming your CPA is real estate savvy and can advise you on the better strategy from a tax perspective.