Seems like a pretty broad estimate, no way to estimate before buying a lot.

Seems like one of the most important people to have on your team is a good RE Attorney.

Those yearly expenses seem low.

The current HO would be in direct contact with the purchaser to arrange the cashier check for the QC.Yes, we all know there is a 20% or 30% premium (income) , but it seems strange to me to have NO paper trail  - even a 1099 from the county.Dan Mahoney My though on sale off the tax deed to other investors (with smaller percentage) so we can go back to the next auction.  

From most information that I have read this seem to be a smart way to start especially when you have limited income.

I won't need the LLC anymore, and it seems to me the LLC would offer the buyer the following benefits:- Seemless transfer from the standpoint of the tenants.

Seems like the homes are already cash flowing at $750 per month each.

Natural gas on the other hand seems to be turning up everywhere these days, so even without the potential for massive future electrical rate increases if gas makes much more sense, I'd stick with gas!

Everyone seems to be holding on to these properties like gold but there has to be some opportunity out there.

I have always been fascinated with RE and have decided this is the time to start investing as the timing just seems right for us.