If a property is foreclosed due to back owed property taxes then the bidding will start at the amount owed.

I have recently retired from the Air Force and have started into the world of business.  

5) Consider meeting with a few agents in your area even if you are just getting started!

I started in 1999 working with a Broker/Developer and it was the greatest experience to learn the business side of Real Estate and development.

U have to look at your contract many have mandatory mediation so start there.then you have to look at the strength of the builder. 

But am wondering if there is already a quality reservoir of information out there that folks are familiar with.Hi Arjun, I am from Colombia, and I have invested in real state over there, however I have lived the last 6 years in Spain, I exactly arrived when the economic recession started :/ However, living in the South of Spain (La costa del Sol , Andalusia) and observing how the prices have tragically decreased through the years I have finally decided to get into the business here,..

Answering those questions is an excellent start to where an investor should purchase a STR!

The mortgage rate can always be refinanced when the rates drop back down which they are very close and will start to drop this year.

I can tell you that without a doubt, I make better tenant selections now than I did 17 years ago when I started out. 

I then started a business buying homes on terms.