Maybe there is a way I can help you out, which would also help me jump in the game.

Sounds like the sellers are hip to the game.

He reiterated that if I could come up with the answer to how taxes work for non-owner occupied homes then we could continue on.I understand that taxes depend on a person's entire portfolio and if the seller has owned the property for many years then depreciation comes into play, but is there any general information people can share on taxes on non-owner occupied residences?

@Amelia Bartlett don't be fooled by the low starting bid, that bid is only displayed to entice people into the game.

I sold them all because I saw more potential in the stock market, then the bubble burst, but that's another story.I'm getting back in the game with a new strategy.

In such cases they need the message that " Games" don't work !

I will also probably just use a property management company to play landlord (possibly http://www.hallmarkrentals.com/) I was also thinking of just living in it for a year to save money as well.

Playing up the fast and easy aspects are the only real play you have.Did this particular person indicate that these friends and family live in the same area?

I will always make contact to go over any issues and make it clear that I will close the deal and don't play any games. 5.

Not sure I can sustain on that, but it got me in the game.