I've actually considered the possibility of selling my existing multi-family, as well, to take advantage of the equity to use as a down payment on a triple decker.

Super expensive here, but hopefully I can make that work to my advantage somehow, just as I'm sure the cheaper home prices there could be an advantage in its own way as well.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

As far what you're thinking of, I'd rather have title so you could take advantage if the county ever settles for the 10-20% again.

The business of flipping is not tax advantaged at all - if you're looking for tax advantage, then you probably want to look at buy and hold (passive income properties) or notes.

At the auction the certificate holder has no advantage.

And lastly I highly recommend becoming a Plus or Pro member of the site and take advantage of all that BP has to offer you.

And before I started in this biz, I already had the advantage of having personally owned 3 different houses (one of which was an REO fixer), had helped my dad build a house when I was younger, had taken "shop" classes in HS, had a BS and Master's in engineering plus over 10 years of engineering and project management experience.

From all of the reading on different niches I am pretty convinced that with my business/accounting background and my husband's background in structural engineering and construction that flipping is our best bet.I look forward to taking advantage of the wealth of information here on BP and getting started hunting for our first deal.

IMO one of the greatest advantages you can have with this path is a solid W-2 income.