Hey bigger pockets, I was just wondering what some older more experienced real estate investors thought about the idea of buying tax deeds. I’ve seen a lot of positive posts and information online about tax deeds but ...

I'll echo that most of these Midwest markets that skew toward lower purchase prices are similar.Areas can be hit-or-miss and you need to really understand the risks and potential rewards before making the plunge.

If the mold is extensive or potentially black mold, call in the professionals right away.

I'm far from an insider on local politics, but my impression is that the hotel industry has a heavy hand in city planning, which IMO stifles some of the intiatives that would potentially preserve our quality of life despite the rapid growth.  

I understand that navigating the minimum loan amount restrictions can be tricky, but Chase is known to offer financing solutions that could potentially accommodate lower loan amounts, possibly even down to $50k, which might align well with your investment goals and the price range you're interested in.If you haven't already, reaching out to Chase could provide you with some additional flexibility in your property search, allowing you to stay within your desired price range and maximize your monthly cash flow from the investment.

Failure is a great lesson but you will fail less with someone who has real life experience.I just placed a person brand new out of college in a triplex and I said you know if you really want to be a legend get an RV and live in that while we renovate the other units for full potential. 

However, if the thought of diving into tax forms and recalculations seems daunting (and it can be, given the complexities of tax laws and the potential for significant financial implications), reaching out to a CPA might be the smarter move.

If you're just buying the building the building and leasing it to an operator, your list of things to do and potential bumps in the road are somewhat reduced, but either way, proceed slowly and methodically, especially if this is your first RAL.

When applying for a DSCR loan, lenders typically assess the property's income-generating potential and calculate the DSCR to determine the borrower's creditworthiness.

There are strategies for folks with short-term rentals (7 days or less) that could work here potentially.