One problem - I used all my cash fixing up the place I have! 

What if large cap ex items pop up?

Section 8 rent payment standards has the city willing to pay up to $3,120 per 3 br unit so I used gross rent of $6,240 given rent for the furnished 2/1 unit would be too variable with partners living there as they please.Phila.gov info:https://property.phila.gov/?

We keep having agents tell us it will not come back only to see a follow up notification about the reinstatement a few days later.

The building general area is being treated monthly but the individual condos are up to each owner.

How did you end up in markets so far apart?

Following that up with when you have the benefit of ownership of real property - it isn't until you actually have taken possession of the property.So then, the question comes, when that redemption period closes at the end of 12 months, does your holding period start with when you acquired the right to collect the delinquent taxes and interest?

We will be looking for single family or small multi-family rentals to fix up and rent.

It can’t show up on the 1098/1099 since it wasn’t charged to the borrower… so what do you classify it as?

DISCLAIMER: I know I made several mistakes leading up to this point, and this is mostly my fault.