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I distinctly remember there were things they did with the hot water heaters, and they were advocating replacing the rubber hoses on appliances that use water (such as dishwasher, washing machine, etc) with some kind of metal hoses that are virtually indestructible.There was a goldmine of information about good preventative maintenance steps for rental houses...

Say a guy has a car worth 10k and owes 10k.....he's going to fight for that amount because he doesn't want to go under water at sale.

They always lived below their means, invested every penny in rental homes but their most admirable deal is something more exotic than anything I've seen or read (so far): they bought a water mill (river La Seine, 2 hours upstream of Paris).

Cool!

You would need appraisal and/or inspection to make educated offer, 15K sounds too high with tax lien, the next thing you know there is 1K water bill, or some other problem :), these type of houses I would make low-ball offers.

In the past, I have used my w-2 income for food, fire and water and my real estate flipping income for wealth creation.

Either a refiance, Home Equity loan, or home equity line of credit. the numbers are property 1:  15,000 tax lienas is value 65,000 arv 70,000Property 2 3,000 water tax lienas is value 55,000after repair value 95,000what are the pros and cons of the types of financing?

There are heating and cooling units similar to what you see in a hotel that can be low profile from the exterior. 

Most 4 - units are shared water and that can run up your numbers.