When we saw it come on the market knew it had tons of potential but had to wait out the seller making some price drops and then we came in with a rather low offer and finally settled at a price we could work with.I think house hacking is a great way to start investing, I've done it twice now. 

Hi I wanted to know in purchasing a tax lien property in GA, if the taxes have gone unpaid in multiple years and I bring the taxes current, can I immediately foreclose or will I need to wait to see if the homeowner will pay for a certain amount of time? 

I mean, if all they do is call the cops and wait 3 hours for them to show up, and hope the guy doesn't disappear, that's not that useful...How about other surveillance options?

However, I personally prefer to avoid any statement that can be misconstrued by the reader because the world is full of people with chips on their shoulder just waiting to be offended by something.

and I built the home in an LLC that I had 50% ownership in and I am a licensed developer but you need a license for EACH LLC>. ugh..but it does keep the riff raff out of it.this is why it gets even scarier with all this talk of remote rehab that is going on these days on BP.. lots of money going to be lost with newbies reading a book and thinking they can rehab houses from afar.. its a disaster waiting to happen.

@Will Grabert I agree that waiting around for waiting's sake serves no purpose.

He may be waiting for fix loan to mature so he don't pay penalties OR owned it for less then a year? 

So if Biz #1 has 20% of the properties, Biz #1 pays 20% of the expenses.That being said, I'd be open to simplicity just because ultimately it's only a difference of a few thousand and we both don't care much.

If I rent it out, what are my best options to get money out of it to purchase another property as a now investment property.I started my own business and need to wait a year for tax returns to get a HELOC, but I hear it is tough to get a HELOC if it is an investment property.

If it already has one problem its a whole line of problems in waiting.