Once you know exactly what it us that you want, your next action us to make a decision if you will use the services of other to help you find that investment vehicle or if you will pursue directly.

If so, your property coverage is limited to these causes of loss: FireLightningWindstorm or Hail (USLI often limits this coverage to a submitted amount on the policy, not policy limit)ExplosionSmokeVandalismAircraft or Vehicle CollisionRiot or Civil CommotionSinkhole CollapseVolcanic ActivityIf nothing else, be aware of the following, but I would recommend getting a more broad coverage from a competing insurance company for no additional charge that would include policy limits for the above windstorm or hail, and the following causes of loss: Burglary/Break-in damageFalling Objects (like tree limbs)Weight of Ice and SnowFreezing of Plumbing*Accidental Water Damage (think of a leaky roof that is causing water damage into your property leading rotting wood and or mold)Artificially Generated ElectricityMy Best,Ryan Leavitt

There is really a great Application  (app)--- BUT it is somewhat primitive - when mastered - it will be the best Application ever to make money with -  It could be expensive and take time to learn how to apply all the functions keys.The functions keys are easy to read  -- (but will take time to learn)Input dataValue - comparable sales and insights -  Time - liquidation period -Marketing CostEstimated Offered price $Net ProfitsCreative Financing OptionsHard Money FundingSecond OpinionThis Application - is all about you - you have it - and can improve it - become skilled and profit all the time when used.Real estate is a physical thing - it is the vehicle that's used to make thousands of dollars - real estate more importantly is about people - their needs - motivations - desires and problems.

That being said, I am trying to understand the potential risks and downsides of this investment vehicle, and one potential scenario I am having trouble understanding is this: the borrower has a lot of delinquent taxes; say, for upwards of 25 percent of the value of his or her property.

Only interest from the loan, and expenses for rehab, repair, management, vehicle mileage, etc.

Does anyone have any short term investment vehicles that they would recommend for say a 2-5 year period that would be better than just letting it sit in a savings account?

Can you suggest any apps or software to track expenses for a rehab and also mileage on personal vehicle?

The difference between my everyday car (work related vehicle) and my wife's car is like night and day.  

¨I plan on using REI as the vehicle that will hopefully lead me to financial freedom in order to create a better future for myself, my friends and most importantly, my parents (the real reason behind all this).In conclusion!

Yield in any investment vehicle...bonds, dividends, businesses...and yes real estate is a function of the markets perceived risk in that investment.