Pay for an attorney?

My mortgage is $4500 but going rent for the area is $4,095 and not in need of loss of profit for tax purposes and needing more equity to make the investment worth it. 

I mention this for visibility into the amount borrowed vs the individual's personal assets.Current language in contract: The Guarantors, known as John Smith, of Street Address, Coral Springs, FL 33071 agree to be liable and pay the Borrowed Amount, including principal and interest, in the event of the Debtor’s default.

After about 2 months of waiting (and paying mortgage), I finally rented it out for $1000!

However, as the title states, it needs to be redeemed from back taxes, roughly 10k. 

And this works great, when it works, but as soon as the place goes vacant, or rents drop, or a major repair is needed, you still need to pay your debts, so the risks to your cash flow are increased.

To me, this is using security deposit to pay for repairs DURING a lease (because the tenants aren't moving any time soon). 

Financially analyze your investment, including expected rental income versus expenses such as taxes, insurance, and vacancies.

After several years investing as an accredited investor, I’m moving to building my own portfolio of SFH and small multi-family that I control and add tax and passive income benefits for additional investing.

I am a co My nephew and I were on the deed from 2019-2022, then he transferred to me as sole owner as a “gift” since he doesn’t want to pay mortgage anymore.