@Jeff Fountain from what you stated, you have enough equity to easily get into an apartment building in GA around the million dollar price range.

I live in Southern California and the market here is out of my current price range.

@Mark Maly - I'm seeing stuff in the range of 6% ROI.

I'd have to run power, water and sewer to the camper if I were to do it right but I'd immediately save the $110 a month on storage fees and  could easily go back and forth between my house and camper when I have people staying. 

I'm guessing most of those 10-13% cases had two unknowledgable bidders, where the property was a loser and they shouldn't have bid on them.....you know like when you get two clueless bidders bidding against each other at an hoa auction not knowing they just inherited a mtg.Now, for those bidding 0.25%, they are entitled to a minimum of 5% over the life of the certificate, whether it is redeemd in 1 year, or 7 years when the expire worthless....that seems to be the prevalent bidding theory I guess.The vast majority of these range from $1,000-$5,000.  

I was looking at gas and water paid by landlord and thought I could charge $55 each for gas and water as flat every month fee.

For instance the one I am buying has stucco exterior, new roof, dry basement, new furnaces (3 of 4), new hot water heaters, new plumbing (except for some of the drains). 3) Vacancy - My four unit has only had one vacancy in 15+ years.

It probably ranges from $100 per square foot to $300 per square foot.

We're doing some financial forecasting as we get ready to purchase our first home ($120k-$150k range) and are trying to project insurances... can someone clarify for me...

Another thing I use to do before this book when I was getting started was to walk through Home Depot/Lowes and get familiar with average costs for big repair items like water tanks, HVAC, appliances, kitchen/bathroom cabinets, flooring etc.