The rent I am able to collect is around $1200 per month which is far below my holding cost of $1550.

Question: If I approached the tax assessor with an offer to purchase the property for less than the value of the lot (in resale condition) would they wipe away the taxes owed and sell it to be able to start collecting on that property?

However, I would not allow the super tenant to collect applications due to sensitive information of the applicants, and I would like to meet and talk to the applicants anyway to know who I am dealing with.

In 2013 I purchased my first flip house for 18k and remodeled it while collecting unemployment.  

NO PERSONAL INFORMATION IS COLLECTED!!

It's a collection of the best flipping info from the site.Seeya around! 

What s reasonable collection rates?

It's a collection of the best flipping info from the site.Oh - and be sure to set up some Keyword Alerts- especially for "Havre De Grace" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

The OP most definitely needs to get clear on his state laws regarding loan collection and late fees which are not similar to rent collection and late fees.

Lastly, there is one big decision to make: allow them to sublease, and they will collect rent and manage the other side (can be fraught with problems), or don't allow them to sublease and you still have to manage the other tenants until they execute on their first right of purchase.