I simply let the tenant know about the change of ownership via a letter, telling them what number to call in case of needing maintenance and where to send the rent check.  

There was a post recently on the forums of someone whose tenant left a hole in the side of their rental's cabinet and it was particle board.

You may need to negotiated lower or give him this priceSo what you just learn how to do is to simply and easily get the price down by lease 8-10% or more of the original asking price__________________________________________________ Step 5 – The Magical 2 words to use to never lose a negotiationI use this all the time when I deal with sellers.It’s one of the strongest things you can do to use these 2 words.What if they were just 2 words that would guarantee would never be rejected by a seller ever again?

I am assuming the mortgage company will still pay the tax bill and I just received this bill as standard procedure from the county simply making me aware of the bill?

Just because there are no barriers to entry does not mean that everyone is a wholesaler.I understand that there are some legitimate wholesalers out there, but how do you guys feel about the fact that anyone can simply call themselves a wholesaler?

Heres the way I calculate it,(Gross Scheduled Rent) - (Vacancy rate (at least 5-6%)) = Operating Income(Operating Income) - (Repairs & Maintenance + Utilities + Taxes + Insurance + Management Fees (at least 8%) + Replacement reserve (capX)) = NOIThen I simply divide the asking price by the NOI (Asking Price /  NOI) to get the cap rate.I can't find anything above 5 or 6 % at best, am I doing something wrong or does the MLS just suck that bad??

Do you have experience with project management or know someone who does, or do you just have money burning a hole in your pocket?  

You could simply get a mortgage on your property.

For this reason and more (like abatements, homestead exemption qualifications) simply call your local assessor to get the information "straight from the horses mouth" as they say in Texas.

It's a bit like painting with brownie batter (looks like it too), but it fills in holes and cracks up to a quarter inch and seals the wood and seems to be doing a decent job on knocking back the odor.