Also, be sure to go back and account for all improvements you made to the condo which will increase your cost basis. 

The houses needed ~$100,000 in improvements to bring the rents up.A local commercial bank was willing to lend 85% loan-to-cost (LTC) of the purchase and rehab which equated to $442,000 at 4.25% interest.

After a tax certificate sale in Alabama, the investor is entitled to possession and in some circumstances can make improvements to the property.

After a tax certificate sale in Alabama, the investor is entitled to possession and in some circumstances can make improvements to the property.

This would include architectural fees, new equipment, cost of protecting or defending your title to the property, or building improvements.

While already investing in real estate my goal here is to improve my processes, make more money and build wealth for my family.

I would also start educating yourself on hard money (youtube university) so you start to understand the terminology, common terms, advantages & disadvantages, difference between local HML and Nationwide HML.

As of today, total rented houses are 28 with around $19000 monthly rents.Park repo improved, and average time to rent a house now is 2-3 days.

Head on over to YouTube and search Turnkey Rental Scam or Turnkey Rental Due Diligence.

Be coachable and seek/hire mentors, Youtube university will only take you so far.5.