Just remember after they burn it, you would have to clean up the remains.I assume you own the land the trailer is on.

I've seen them wanting 8-10% of the credit line they 'establish'.Nothing wrong with hard money (says the hard money broker), they serve a purpose in the market, but no, you aren't going to be able to do that without the right deal and some money to put in. 

This makes it very difficult to establish critical numbers that any buyer would want to know. 

B)I was hoping that they'd share some more figures such as to remove the garbage(which I think that they got the locals that chose to stay do much of the clean-out labor) and the cost to get it in the gorgeous condition that its currently in.

The way I got started was by finding a single family home that looked a little rough but really just needed some cleaning (pressure washing, scrubbing, painting) but because of that I got a pretty good deal on it. 

You (or someone who you are miraculously able to wholesale this to) would be responsible for cleaning up the title. 

Advertising, cleaning and maint, insurance, legal, repairs, supplies, etc... 1) Because property #1 wasn't "on market" during the renovation, does everything apply to the basis? 

I've been in their apartments and they're clean.  

@rollan @Rollan Dizoncongrats on the foundation that's been established.

hi chaim. i have not bought any houses at a tax sale. i have however, bought a few after the tax sale. here in erie county new york, if you buy from a tax sale, it can be a great deal. however, whatever was left on the past due taxes, you now owe. hence, you just bought yourself a liability. i don;t know about anyone else here, but i can manage to create my own bills myself without buying anyone else's tax liability. so, watch out for that issue. it may just be a new york thing, but maybe not. one of our local municipalities here has their own tax sale auctions aside from the county. that one, if you buy from them, you get a clean slate, no past due taxes left. however, they like to start the bidding out at what was owed to them, so, there would be no " leftover" anyway. by the way, they sell very few of them. lol. i usually go back to them after the sale and offer to buy some of the " left over" properties, usually for pennies on the dollar and i get them. you think they would figure out to start the bidding low if they are gonna sell them cheap later on anyway. but, regardless, even after i buy them dirt cheap, i still get them with no left over taxes owed. also, you need to know if your state is a " redemption" state. i. e., can the owner come back later and redeem their house by paying the taxes?