You are in the same boat as we down here in the Dallas, TX areas... rates and the base % of Deductables are going up! 

Call me difficult all you want, but I'm posting an important warning to the BP community: you cannot set your S-corp salary based on some rules of thumb, such as this 60/40 urban myth.That said, there is also no such thing as paying yourself out of a disregarded entity and no such thing as an LLC "owned" by an S-corp.Now you make me guess what your actual setup and your actual intention is.

*Most* of the time it is better to start off investing someplace you know intimately than picking cities out of a hat based on statistics you read on a screen. 

The worst part was that they had a baby living in the house with them, after we bombed the place there was over 1000 dead roaches, and I found a live snake behind the hot water heater 4 feet from a mattress that was laying on the floor that someone was sleeping on.  

Our knowledge of the zoning, water rights, easements, etc of land in the area was invaluable.

Hi Shawn, Thank you for your advice.We have found the American process very complicated believing it was due to being based in the UK and not really understanding why everything was taking so long.

Electricity is functional in the property, but I have not gotten the water to work yet.5) Insurance PoliciesI was informed by a fellow tax deed investor to obtain builders risk or vacant property building insurance policy soon after the deed is recorded under my name?

If the numbers work for you and your investment goals, it is always a great time to buy.You never know what tomorrow holds, so make your decision based on the information you have today.

@Andrzej Lipski could also be a great resource as he is doing a lot of wholesale stuff based on website SEO.

Consulting with an independent insurance agent can also provide personalized recommendations based on your situation.