I just finished "The Book on Rental Property Investing" by BiggerPockets' Brandon Turner, which is how I discovered this site.

We were planning to move forward with filing for judgment under some new guidelines when we discovered that the property had been boarded up after we bought the loan.

This gives plenty of time for them to be prepared and they may even look around and discover they can't find a better deal.

Once people discover that they can have a much better lifestyle in Mexico (better weather, no traffic jams, less stress, beach life) at a fraction of the cost, they won't look back.

Only major components are furnace and hot water tank..Condo Townhouses that have maintenance/hoa fees may or may not cover anything related to your actual townhouse so the owner is responsible for upkeep of the home like any other single family..Fee Simple Townhouse.. no maintenance fees..ownership is like any other single family with all relative maintenance..At the end of the day it depends on the ratios..Will the rental income support all expenses..

So we slapped on another layer of black tile on a weekend changing it from the single layer of 1987 muted brown.The place sold in 2 days $16k over asking.Another home we picked up (circa 1830's) had leaks & we discovered 3 layers of cedar & 4 layers of roofing tile.

Clouds on the title are usually discovered during a title search.I found that exact definition in Investopedia all the credits are to them, Long story short, you should run a title search before investing in it, especially if you pay cash for it.Hope this helps,Claudio Salvatorelli

For instance, the pool heater was rusted and close to completely breaking thus damaging the pool and it was not discovered until after the transaction.

I discovered Bigger pockets on YouTube (the videos provide a wealth of information) and currently I'm reading "Managing Rental Properties" and plan on expanding to other books once I finish this one.  

There's a couple of months gap, but it'll all matter as I'm close to the 3 year clock here for the 2 out of 5 yr rule3) Any recommendations on tax resources that I can review to better understand how to think about the different tax components at play hereThanks in advance!