As another example if you buy a property at a tax deed auction it is similiar to a HOA foreclosure, you are buying the property with all other liens on the property.

SFH 3/2/2 approx 1300sqft , taxes $2K market value $140k-$150kThere is a repair needed with the plumbing for the disposal in the kitchen area that the laundry also connects to it, a broken pipe.

Don't forget property taxes

There is s Tax Sale in my area (Virginia) today and again next month.  

The seller has offered to finance at 7.5%I contacted to seller to ask questions and get a feel for his need to sell but he is only dealing with me via Email, and I still only know the cross streets.I asked him in my last email about the Lot size, the Address, if the are any back taxes, if he is the owner or someone selling for the owner.....Questions:If I am able to talk with this gentle man on the phone, what do I ask him?

Account Closed it is going to depend on how you did your taxes.  

They will likely be hit with a tax bill for the amount of debt forgiven however.

Pierce Cty & Snohomish Cty, will push your dollar much farther and prprty taxes will be at a lower rate than King Cty.  

Now, one of those things, depending on your personal worth is you might want to form either some type of corporation or an LLC to form that will protect you personally and put you in a tax advantage.  

I am not sure yet what are the main traits I should be looking for, but I believe that a good start would be a state/city/area that is: Landlord friendly (from the tenant- landlord perspective).Has a solid ROI Is considerably cheap (unlike San Francisco haha)Allows foreign investors Isn't too expensive tax wiseAny ideas and advice will be happily accepted :)Thanks in advance everybody!