Plus I noticed she has a homestead exemption on the house still, if she officially rents it and that falls off then property taxes would also be based on a value about 1/3 higher than now.A house recently rented that is located nearby in the same subdivision, same beds/baths, but is almost 300 sq ft larger (hers is 1291) and backs to greenspace rather than a trailer park for $1300.These numbers also don't work for me taking it over subject to.So pending on how much she can afford to lose or risk, I'll let her know what's been discussed here after I firm up some #'s with a few calls tomorrow.Thanks!

What languages do you speak?

I created folders that I assembled the necessary documents that I might need to buy a property on-the-fly and rehearsed the conversation with the seller enroute to the meetings.In a typical equity purchase deal I would have a purchase agreement with my State's statutory-appropriate language and extra copies for seller.

I like simple contracts with language that is easy to understand.

If the lease agreement does not contain any language on this subject, you should meet with an attorney where the property is located to redesign your lease agreement to cover this and similar situations.My method for resolving situations is to seek a solution where everyone wins.

I am reading through customer reviews at the moment.I am working towards my first official investment property, so I am still a newbie, in the educating myself properly.

@Wayne Brooks in Memphis we have tax auctions and delinquent tax properties that can be sold without a auction from my understanding according to the county officials.

I have not officially "introduced" myself in the forum, so I hope my first post here is acceptable.My wife and I are newlyweds in the Town of Tonawanda who desire more out of life than the normal rat-race 8-5 job (no offense intended to anyone).

With only one family actually living there right now it's been hard to get something official written up.

They have been pushing for wired smokes in all the dwellings, not just multi's, though it's my understanding that's not official yet.