I'm going back and forth on a house with a seller, Basis Investments LLC out of Bryan TX, who bought the house as a package a few years ago and let the house sit vacant and accrue assessments from sewer/water and street upgrades. 

Due to the larger down,  I borrowed some for the reno and accrued $5600 in money costs.

You really need a local attorney on the ground that invests and understands tax certificates and tax liens and can research and tell you the exposure you have with the property you want to buy.There is penalties and interest that has been accruing for years so do not believe what a seller is telling you for you need to verify yourself.

why dont you take a deed from the seller, give him a couple hundred dollars and pay the back taxes.most exemptions dont do anything for taxes already accrued. no legal or tax advice.

Most people do this to accrue Airline Points, but you can use this hack to get money from your Credit Cards also.  

So while my friends are out buying $50k cars and homes that cost an arm and a leg, I made a decision to forego those niceties for the time being and accrue passive income.A huge problem with my generation is that we have become addicted to the "now" factor.

A reverse mortgage requires no monthly payment instead the interest accrued on the principal balance is tacked onto the balance.   

I want a product where the interest accrued are based on the average daily balance.

Find out what the cost and life expectency of all your capital expenses will be and set aside enough money each year to cover those expenses when they happen.or...Use the equity in your home that you've accrued the previous 10-15 years and have your tenants pay it back down?

As of today I will start accruing business expenses and since I am starting small I want to be sure my money is used efficiently.