@Paul HectorCongrats on the deal.You might consider building team members.Go to IREM.org search for ARM certified property managers.

I currently have a portfolio loan dressed as a 1/1 ARM on two properties.

I would also never do a 5-year ARM.

It is buyer beware with no safety net.5, We have never found a title insurance company that would issue title insurance in PA for a tax sale property, and we've been doing this for nearly 3 decades and bought hundreds of properties. 6.

And of course it must be arms-length tenant meaning not a relative.

So my current thinking is to rather lend the funds to my local service provider on an arm's length basis on terms that would provide a similar economic return to what we each would have earned on flips under the old (non-IRA) structure.

@Seolhyun LeeFor Property Managers go to IREM.org search for ARM certified property managers.

Tax sales are like the wild west, it is buyer beware with no safety net!

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookTo find out about an area go to IREM.org search for ARM certified property managers.

Some people would stick their arm out the side out of instinct and get it crushed or whack their head like your friend.