@Andrea Evans I think:Worst Part - Lots of pitfalls you can fall into if you do not know what to look for like buying and property taxes double, suburb rental license, buying a property with violations, not understanding the importance of lease documents, etc...Best Part - There is so many opportunistic corners or niches in the city and suburbs that most out of state people do not know about and out of state investors never get to cause they get caught looking at cap rates on the south side and in south burbs. 

If it's a tax foreclosure, to @Bruce Lynn point, the bank will normally pay the taxes before the sale. 

The only cost the deal needs to absorb that's relevant is the interest, and even that is really just the delta between the actual interest paid and the tax savings on that interest on your federal return. 

I am thinking about picking up my Private Money Broker certification, as way of adding an additional stream of income, but I want your advice if you feel the certicication is worth the effort?

Hi guys I have a tax question even though its not real estate related i'm sure someone knows the answers i'm looking for.

Seek advice from legal and tax professionals to establish the most suitable structure for your US investments.

@Jane KimWow, everyone is really encouraging aggressive plays here.Assuming this is your first purchase, I would wait until you close, move in, and start getting rental income from the hack before doing anything else...

(or better yet, both)If it looks like your probable income will cover all expenses and debt service, you probably have a winner.

Looking for a property in a good school district (B+) with lower property tax.

Taxes 3.