If a property is foreclosed due to back owed property taxes then the bidding will start at the amount owed.

5) Consider meeting with a few agents in your area even if you are just getting started!

I have recently retired from the Air Force and have started into the world of business.  

@Bruce Lynn, while I am guessing because I don't know "most" large multifamily, I would say it is very much manager dependent and likely to become more common place as many syndicators are struggling to make their mortgage payments.Ownership companies are still run by people, and people that don't have enough money to pay their bills will start prioritizing who to pay based on the perceived risks of not paying.As for taking over any outstanding bills, that is one of many issues of the common LLC transfer.  

5) Consider meeting with a few agents in your area even if you are just getting started!

I started in 1999 working with a Broker/Developer and it was the greatest experience to learn the business side of Real Estate and development.

But am wondering if there is already a quality reservoir of information out there that folks are familiar with.Hi Arjun, I am from Colombia, and I have invested in real state over there, however I have lived the last 6 years in Spain, I exactly arrived when the economic recession started :/ However, living in the South of Spain (La costa del Sol , Andalusia) and observing how the prices have tragically decreased through the years I have finally decided to get into the business here,..

Answering those questions is an excellent start to where an investor should purchase a STR!

The mortgage rate can always be refinanced when the rates drop back down which they are very close and will start to drop this year.

I can tell you that without a doubt, I make better tenant selections now than I did 17 years ago when I started out.