Hi all,

I suspect my understanding of liens is faulty, otherwise someone else would probably be doing this already:

Search county tax rolls (many of which are online) to find delinquent/forfieted tax properties in ...

Many of the houses I would consider don't need total gutting and much superficial work like removing the god awful wood laminate flooring and the like.

This is what it looks like.6plex Sales Price $325,000 Loan Amount $260,000 Interest Rate 7.125%Term in Years 30Loan to Value 80.00%P & I $1,751.67(This loan is through an Alaska housing program for which both this property and I qualify for.)Total Rental Income $57,600 Less Vacancy 10.00% -$5,760Adjusted Gross Income $51,840EXPENSESTaxes $4,584 Insurance $2,580 Utilities including Refuse/Cable $9,661 Management $4,725 Maintenance & Repairs $1,000 Replacement Reserves $1,800 Miscellaneous $1,000 Total Expenses $25,350 Net Operating Income $26,490 Total P & I $21,020 Net Cash Flow $5,470 = $455 per monthI know that the cash flow doesn't look that great with the property management cost but it is required to be factored in for this program.

i was wondering - if i have 3 rental properties that bring in say, $1000 a month each - $500 of which for each house (or $1500 total) a month goes to principal, does that mean that my tax break would be $1500 x 12 for the first year?

The total ltv is around 55%, he has good credit.

The last assessment was for a total of $144,700, building value of $78,100.

I was also packing, even though I can't legally in this state.

The house was a total rehab.

The Bureau of Labor Statistics makes it easy to track month to month changes in total nonfarm employment growth in a given market, as well as growth in what they call the supersectors - 11 more or less industry specific categories.There's a lot more to consider, but simply looking at those two things will help you begin to sort markets out.I agree with avoiding RE agents for the most part; we've had much more success talking to good commercial brokers in town about what's going on.

I usually end up paying about 15% total make up on my rehabs.