yes, i have a day job as a programmer (IT) then i come home to 2 elementary school children.

There's a whole set of challenges when working with senior lenders, including how to get the darn payoff, how to reinstate, how to insure, etc.  

Either way, I would immediately get an appraisal, take the appraisal to the court house and challenge the taxes.  

Anybody knows what are the challenges in this type of deal ?

Also plans to attend a few of the REI meetups in Dallas... that will be a challenge b/c I'm a bit on the reserved side.Thinking the first flip project will likely be a partnership with a buddy from Dayton that flips four or five houses a year.  

I can vouch for Portland... this is also fueling the first time home buyer as our median price home payments are less than rent... and we are not an area that has a huge portion of the population credit challenged  great time to be in the PDX market in all phases.

It'll be challenging to get going if your strategy will be to scour on-market listings from abroad.

., corporations, partnerships) that are owned by parents or children do not qualify"https://www.sccassessor.org/index.php/tax-savings/...

So you don't want to include language that hints that you prefer not to rent to any particular group.Examples:Okay = "Minimum income = $2,700/month gross"Bad = "This unit is best for a married couple who both work"Okay = "Maximum occupancy 6 persons"Bad = "This unit is perfect for a single couple"Okay = "No smokers allowed"Bad = "No Asians allowed"Okay = "No pets allowed"Bad = "No children allowed"Okay = "This unit is located near Main Street and 23rd Street"Bad = "This unit is located near St.

However, there are plenty of ways to make money buying such cheap property...it depends on who you ask but starting out I suggest going for an easier location to deal with and after  gaining some experience then toy with a more "challenging" area.