And when they are going to do this the property usually does not make it to the tax sales as they "conficate" the property and sell it themselves for what is owed.I would think that they will just sit back, knowing that you can not sell that property or even get a loan against that property without satisfying their lien as it will be discovered in any title search that is done.

I see that you've gotten a few of your questions answered, and I hope that we can continue to do so.Let us know if there is anything that we can help you with!

I needed a place to live but didn’t want to continue renting.

I am 28 years old and have been paying $2350 on top of our $1200 monthly payment on our 120k house (taxes are about 400 a month here) @ 6%.I was wondering what would happen if i paid it off, but then continued to buy one house at a time as it is paid off too.

If at any time during the term of this lease Lessee abandons the demised premises or any part thereof, Lessor may, at his or her option, enter the demised premises by any means without being liable for any prosecution therefor, and without becoming liable to Lessee for damages or for any payment of any kind whatever, and may, at his or her discretion, as agent for Lessee, re-let the demised premises, or any part thereof, for the whole or any part of the then unexpired term, and may receive and collect all rent payable by virtue of such re-letting, and, at Lessor’s option, hold Lessee liable for any difference between the rent that would have been payable under this lease during the balance of the unexpired term, if this lease had continued in force, and the net rent for such period realized by Lessor by means of such re-letting.

We were at a seminar in Michigan from Wendy Patton back a few yrs ago and what we discovered that many of the speakers would come in and sit in on the next speakers seminar and what we found with that if you look at enough material from all of them you can link a lot of the same things being said and a lot of the same things being done.But, what many of them PREY upon is your DESIRE to be where they are TODAY.

Remeber you are going to have to continuously manage this campaign so you need to keep things as simple as possible for you to make management tasks easier. 

Because the old "fridge went out and ruined $200 worth of food" is such an old moldy tenant trick.As time goes on, you will discover that no tenant ever has $40 worth of food, or $82 worth of food.

You should continue to save, establish and protect your credit rating, and keep on educating yourself by reading everything you can - sounds like you have a great start in that area.

My current thoughts are: bird dog a few more deals until I can contribute a reasonable amount of money to a flip, then continue to flip homes until I can buy one of these properties cash as a rental.