The biggest thing I can think of prior to going into rentals is to have an attorney review a lease to ensure that all applicable laws and regulations are followed to protect you when you do have tenants.

In most cases, if not all, a Mortgagee will require any outstanding tax lien to be paid prior to the closing of the loan so it does not have any ability to attach to the subject property, not to mention the option to garnish wages and income, which may affect the borrower's ability to repay the debt from the loan. 4.

We have lots of old houses here (back as far as the late 1700s) and using unmilled piers (literally tree trunks) in basements was very common in houses prior to the 1930s.

Also, I was able to raise the rent nearly 15% over what it was bringing in prior.

I currently have 2 pending, both are Meth related, both have prior felonies and have huge drug history.

I have seen situations in CO where the owner did not file a notice of intent to cure at least 15 days prior to the sale, the foreclosing lien holder refused to delay the sale, and the owner had to go to the sale and bid on the property.

If you have to live in the house for 5 years, how do you get to rent it out prior to that time?

I don't know if you've read any of the Peter Conti & David Finkel's books on the subject but they instruct you to employ the same method the man in the comment aboved advised you to.

Have no idea ht costs at the clerks office might be, you should be able to call and see what expenses are besides the bid amount.You might check too on redemption filings, usually an owner needs to state at some time prior to sale of the intent to redeem, sometimes they are required to post bond to do so, but not everywhere.

I also had these items in my offer: *Current tenants vacated at minimum one week *prior* to closing.