Ex in Rock Hill non owner occupant :  100,000 X 6% X .3296 = $1977.60Ex in Rock Hill owner occupant :  100,000 X 4% X .2152 = $ 860.80If you are not planing on holding the property then i would not worry about the taxes.  

I started out in the workforce like so many others, I was taught learn a skill, get a J-O-B and pay your bills.

Originally posted by @Anjana Vakil: Unfortunately from what I've seen of the Austin suburbs, even bikeable neighborhoods are difficult to come by I live in Avery Ranch which is technically Austin but it's more of an suburban outpost between Round Rock and Cedar Park.

Second lien is not getting paid, they have a little bit of equity and then they loose patience want to get paid and try and squeeze blood from a rock.  

It just sets on top of the tank top and prevents major tank rock and gives you a nice surface to place items on.

I can almost guarantee I will not be able to (in the neighborhood of $1.5m), so I'm looking for legal ideas to structure plan B and keep plan B a win-win scenario to make this deal happen with a Land Contract.

I only own 4 rentals in Lexington now but it is hard to find deals that cashflow well if you are looking in B and C class. 

An investor should consider worse case scenarios that involve vacancy/credit loss due to delinquent residents or structural losses on a property.Also, have a plan A, B, and C so you're able to adjust and adapt to changing market environments.  

You'll be hearing A LOT from me in the upcoming year.Let's rock!!

I'm going to join the band wagon and say...FREAKING AWESOME!!