Any lender requirements of the property are taken care of in this time period, also (appraisal, survey, insurance etc.).

They know before they move in, they pay the mortgage, taxes, insurance, our cash flow, and are fully responsible for the property from the moment they move in.

Now you can't get title insurance on the property until the redemption period is up, so you probably won't be able to get financing on the property.

I think they should net about $150.00 - $200.00 a month after I pay my note, insurance, and taxes.Thanks Again

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Most people want to get quiet titles because they can't get title insurance for their property until it is done.

That's because you want to have enough profit margin to make the deal and risk worthwhile, as well as have enough equity for quick exit strategies, such as selling the property for 85% of its value to move it quick in an emergency.Your payments will largely depend upon the price you pay, your credit and the interest rate you're able to receive, the taxes for that specific area and how much your insurance costs.

Basically, you buy a property and the tenant (something like a Burger King, Dollar General, etc.) pays everything (including taxes, insurance, all building/maintenance costs/etc) and you just collect rent on a long-term lease.

This doesn't mean that you can't purchase properties on your own, but the brokers license & insurance cover them and the agents who work for them when deals go down.

The 1st trust deed has impounds that include prop taxes and insurance.