Thanks for the Info, for me unfortationally  all my properties are located in the largest county Jefferson County and they love to put out of state big investor companies so they can put the extra money in their account and if you get behind on the propert taxes 1 year they require that you pay the overbid interest amount AND THE NEXT PROPERTY TAX BILL TO REDEEM,That's a big hard ship on the common resident to come up with 2 years of property taxes and Over Bid plus 12% interest dailyBlessings to All

@Marisa Faulkner also, make sure you account for self employment tax, which is an extra 15.3% tax on top of your regular income tax.

Some landlords realize this puts extra money in their pocket and are fine with it.However, once a tenant has not paid the rent by mid month, it's hard for them to get back on track because the next month's rent will soon be due as well.

DM me with details of what you need done.

I was thinking if rent's could get up to $600 it might work, but I know people in ABQ don't have a lot of extra cash so it might not.

Keep listening to the podcasts.I am actually curious if you could go into more details on the company taking over the loan payments... i ask because i myself have a rental in my own name, once was primary residence, rented out for a period of time and now that im becoming educated on investing in real estate i want to place in an LLC... still learning all the ropes here.. 

@Wayne Brooks I heard that there is a tax lien unit within the IRS and I'm considering contacting them to get details.

The issue at hand is I have paid thousands to an attorney, had to leave work twice and be at court, not to mention that they still bought 30 days of extra free rent to do this. 99% percent of the time the people I screen are wonderful.

The investment banker mentioned that the tenant can/will take over paying the mortgage, but I don't really know the details yet and what is best - for me and the prospective renter/buyer.If we don't do this rent-to-own deal, I can get a tenant in within one month. 

Unfortunately I made all the mistakes of not having a new contractor sign a detailed contract and we gave him draws before verifying work was actually completed.