So, while my research did not find any rental restrictions for STRs I did not discover that they couldn't give me a business license (before we bought the house.)After talking with the City Planner about the situation he told me I could go through the same process that a hotel or B&B does (approval process for Certificate of Conditional Use) but it basically comes down to a City Council meeting which is a public hearing.We discussed the fact that there already were people operating STRs in the city (and obviously not paying taxes to the city since they would not have a business license). 

Ed, there is not enough information to answer your questions.did you foreclose the right of redemptionhas the judge sign off on your tax sale certificateis the property occupied or vacantdo you have to file an eviction of the existing owner or tenantdo you have enough money to foreclosedo you intend to get a mortgage on itI have done many tax sales deals - my objectives could be ..... 1. sell it now after legal ownership is acquired2. clean it up and sell it for a profit3. keep it to rent4. offer it at public auction - let others bid against others to push the price way up5. sell it back to the owner6. put together a joint venture - raise money to renovate it 

My wife and I are both full-time Grand Rapids real estate junkies (Realtors and investors).  

And the icing on the cake- if your not using a buyer's agent, the listing agent just takes the full commission (6%) for the property.  

Had some cash saved up from working a full-time job in logistics and a part-time job teaching tennis, and bought a fixer-upper for $29,000 with a tenant in place at $700 (sounds like the $30,000 pig, right?)

Or, if not abandoned, left to set long enough, damp and full of mud, that they will have little value.  

Ideally, I would love to get involved full time - looking for inspiration there & hoping most people are doing it full time?...

That means that if you normally make $5k/mo, but temporarily make $3k/mo until you return to work after two mortgage payments are due, but can show at least $4k extra liquid, your full $5k/mo income can be used to qualify you.

My mom and I will be working full time but try to manage the first few properties.

Length of Listing.Get at least a six month listing and be sure that there is no charge for cancellation.5.