If, when, we become a buyers market then you can RE-evaluate your model but in this sellers crazy market - you can loose a lot of deals in a 24 hr period.

The property has been rented out for that period of time.

I think you should speak with an attorney because I think there is a period before the auction where the person being foreclosed on cannot sell or transfer the house.

I am trying to find the most efficient way to find new deals and would like to contact the owners of some multi-families directly via mail and email.

If there is a redemption during the certificate or the tax deed period, the redeeming party must pay for the value of the improvements, in addition to taxes and interest.

If there is a redemption during the certificate or the tax deed period, the redeeming party must pay for the value of the improvements, in addition to taxes and interest.

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

The property is currently developed to its highest and best use with minimal value-add opportunities as the property has been well maintained and operated efficiently.

It offers endless returns and acts as fixed assets for an extended period.

I will say I invested in a few tools that amounted to around $1000 over that period.