So if I could get the seller down in price a bit, this could be a solid option, based on MY criteria... and ASSUMING my rent and expense estimates are correct.

I'm sure someone will correct me if they know of whole neighborhoods that would fit the bill. 

Maybe in a nutshell the typical process, chances of actually winning a bid?

Looks like institutions or individuals are moving away from lien investing as overall interest rates are going up on other investments - but the overall winning tax lien rates this year went down to 4.52%.I eliminated the "Struck to County" liens which are the liens nobody bid on and are now held by the county.

If I am reading it correctly this would reduce taxable income significantly but still not to the effect of a step up basis in an inheritance scenario.     

I am using TurboTax.Do I:- refer to the original depreciation schedule and pick up at the level of depreciation that correctly accounts for the years it was a personal residence (even though I didn't claim depreciation in those years)?

However done correctly with little to no debt great. to me makes perfect sense as the investment. 

Hello BP community - I'm reaching out with a question following a series of events (some mold related) that has led to 3 of 4 college tenants in my SFR having their parents request release from their lease 3 months early due to perceived air quality concerns.Background (University rental in MN - lease started Jun 17 with 4 college roommate - parents cosigned and pay rent):- In Sep 17 we had a minor roof leak that was corrected immediately (flashing)after notification with only minor paint damage and no sign of mold (from the attic or interior wall). - In Nov 17 tenant's parents (these are college students) call my property manager to report a broken dryer and mold growth in the basement laundry room, a bedroom above the laundry room, and in the bathroom.

And then just garden variety greed I Suppose the few events I have been too. the case studies the speakers talk about is usually some whopper once in 10 year deal they did.. now its real.. but its not reality.. and I think the beginners feel that they too should get these types of deals and reality sinks in that they cant find them.. its not like being a landlord anyone who can fog a mirror can do that.. note business done correctly in my mind is an advanced strategy when it comes to NPN  ..

@Jonny, Ryan is correct.