You don't actually own the property until the sale is ratified by the courts as a foreclosure is a legal process though you are generally responsible for the property taxes for the property from the moment you win.

All that combined with low property taxes, no income tax, and landlord-friendly.

If you are new to buying at trustee sales I recommend studying a bit and learning how to conduct due diligence with regard to lien position, IRS liens, property taxes, title issues etc.

I’m concerned if I say enough like town or price listed, arv..they can cut me out and go right to seller/ agent.

Hey @Darian Gore, While I am a bit biased, I would 100% recommend you work with a tax pro for your taxes.

That means that whatever the sum of the Principal + Interest + Monthly Taxes + Monthly Insurance comes out to be, as long as the rental income exceeds that then it will qualify.

Insurance, tax, tenant info, leases, applications, listing/marketing docs, water, notices, repairs, logs of maintenance and tenant damage, etc.

I’m 21, and after taxes and all expenses I have $55,000/ year I’m able to invest.

Since he’s 62 I know we can withdraw with no penalty, but is there a way to avoid taxes ?

Insurance companies often obtain the floor area from the tax assessor and base their coverage on that, @Ryan Fox.