And even at that stage, you still have the tar paper underneath for extra protection.

I Use 9 in. paper and tape around top and bottom trim and plastic on the walls and floor to prevent overspray.

A degree in my opinion is just a $100,000 piece of paper that really won't help me as much as actual experience would.

Anytime I acquire a property at a HUGE discount, I get a waiver signed from the seller at closing stating they are aware of below than market value but it's in their best interest due to either time constraints , condition of property, or impeding situation such as foreclosureJust another paper trail to CYOA

If you buy here to hold, make sure you hold onto it for a long time - it will eventually pay off in spades, and in a very low-risk manner, but the cash flow won't look very sexy on paper for a while.Hopefully something in here is helpful to you, sorry for the wall of text. :)

@Logan Allec Thanks for the input, definitely looks very attractive on paper!

For anyone who has experience with purchasing tax leans I am in the beginning stages of evaluating some from the local news paper.

I know it always looks better on paper so we will see in 12-13 months where the numbers actual fall.Purchase Price: $85,000Down Payment: 17,000Estimated closing costs after credit: $1,100ishTotal Cash Out of Pocket: $18,100ishMortgage Payment: $365Rent: $948Gross Rent: $11,376Estimated Expenses:Property Tax: $486Insurance: $675Property Management: $910Vacancy: $910 (8%)Maintenance: $910 (8%)NOI- $7,484Cash Flow: $258.66Cap Rate- 9%COC Return: 17%Again, follow along as this newbie enters the world of REI.If you comment, please make it constructive.

I recommend you stay off the calculators until you understand the basic math using pencil and paper.  

Just had someone call me from an ad I had in the paper.