I know the interest they get is taxable I would probably have to set up a LLC with them being equal partners.

I asked if I had to do anything like call the tax department that has the lien and let me know there are excess proceeds and they said no I didn't need to do anything.I guess I'm good then.Thanks for the helpRay Did this end up working out like that? 

Getting everything set up and researching as well as connecting with great contractors and mentors to get ready for my first flip.

I've got $1M in equity tied up in a rental property that I will sell around June '25 to generate liquid capital . 

In my jurisdiction, they will adjust your taxable value the day you close, and if it has been a while since this deal closed, often times the taxable value that seller is paying on has not kept up with market values.  

Im still doing a market research and gulfport, MS pop up. any additional information about this place regarding landlording, property management and ideal location would help. thanks

My in season rates can be up to 3 times as much as off season.  

Really excited to learn more and to speak with those (most ideally who live near me with whom I could meet up in person, but definitely not a deal breaker) who are in a similar stage or perhaps just ahead of me, from whom I can learn and feel supported by as I venture into this new world.

We have the vendors all lined up ready to come in and fix stuff next week and it's nothing that can't be done within 1-2 weeks, even if our own DIY things. 

The most successful landlord I know doesn't get caught up in petty fights with tenants and always try to be reasonable.