Hi guys, my name is herby and I just closed on my first deal for house hacking on a 4plex. 1 of the tenants is out of contract and is on a month to month and that’s the unit I plan to move into.

You can buy title insurance anyway, without conveying the property, so that's an alternative.

Because state laws vary widely, my first thought is to talk with a title insurance underwriter in your state to see the requirements for insurable title on a tax deed.Quiet title may not happen "automatically".

Deal info (property info, financials, why and what plan is)3.

My payment is $1000 with around $300 to tax and insurance.

My plan is to hold onto it as a rental property, targeting Section 8 tenants, as the rental income is quite attractive at nearly $1,500 per month.Here's the challenge: The property's purchase price and labor is below $40,000, and I'm uncertain about my ability to secure a traditional mortgage for a property at this price point.

I plan to do my first few flips locally but I'm always trying to look ahead and plan for my next move.

Hello BP Community and Property Managers,I'm planning to take over as property manager on one of my rentals and I'm looking for input for a smooth transition.

What are your plans, own rentals or buy one and fix and flip to an homeowner?  

NOTE: We planned on using Turbo Tenant for tenant management.Thanks in advance for your help!