I'd actually consult the advice of an attorney. 

It will teach you about renting a property, how the numbers actually work (not just in ideal calculators), and put extra cash in your pocket.

I've personally met hedge fund managers that watch the Charlotte market as an indicator for other markets around the country, while not actually investing here.With all that said, it's extremely competitive.

Some people actually fall for it.The other question you need to answer...why is your tenant looking at rentals on Craigslist???

I personally do not like portfolio type deals because investors tend to over value the assets based on a cap rate, when the reality is that single families and small multis should be sold based on comps. 

Actually, I watched Brandon Turner's seminar on Evaluating Properties and Making Offers over the weekend, so I was able to see the mistakes I made. 

Hi Sherry,In Georgia, they actually sell a redeemable tax deed at the auction.

@Jose Castillo the actual dues owed are not negotiable.

It's a tax deduction but not something you actually have a cash outflow for.

And if you are taking a loan, then breaking even each year is actually a win for you because your principal balance is being paid by someone else.