One rule helped here (I simplify a lot): you should always count how much money will be left in your pocket after all expenses (including mortgage payments, taxes, fees, utilities, as well as the reserve fund for the current repairs of the property).

I'm attempting to help out a friend's parents who are about to lose their home to back taxes.Is the process as simple as quit claiming the deed to me and then I pay the taxes and hold the property until they pay me back?

It’s currently in the construction process scheduled for September 2024 delivery Lessons learned?

What are the IRS special tax rules for installment sales(seller financing)?

Can someone please explain the IRS rule that allows homeowners to avoid paying taxes on up to 500k in profit from selling their primary residence?

After that they would own a passive 40% of a rental that would pay them a tax free gain every few years.  

Look not only what it would rent for, but focus on what the net income is after mortgage, property, taxes, insurance, etc.

Sure you have expenses and income tax, but still.......?

It's frustrating, but with low taxes, relatively low insurance and no mortgage payment, I am flowing about $12,500 a year just from that one house (less than 5 year ROI). 

It seems this market is ideal for cash flow, as rents seem to easily cover mortgage, taxes, and more with plenty left over for profit.