My 2 cents - You may want to call several realtors and let them know that you are in the market for an investment property. of course you will get some realtors that will think you are nuts because some (not all) don't really understand the types of properties we want and you will never hear from them again.

Of course this is not always the case.

Of course I would also consider the tenants, when the last time I raised rents, etc. #2: How good are the tenants - I am very willing to raise rents less for tenants I absolutely want to stay.

So I'm not sure of the exact process for tax liens in PA but here are some thoughts.If the lot is worth 8K to your friend then I'd say you are in an ok position to just purchase the lot (for very little of course) and then negotiate the taxes.

Then last week I get mail from her with a couple of business cards; one for a mortgage specialist and one for a financial adviser, whom she says is expecting my call.

Flipping could work of course, but can't imagine you could hold financed rental property that would cash flow.

Of course luck was on his side however, I want this and I won't stop till I get it!

I personally recommend you take a accounting course or read an property management book on acounting.

The average wholesale property near them can be purchased 70% to 75% below market value from as little as $25K FSBO(of course an investor is going to want a nice amount more even for a shell).

Of course, there are places where you could potentially get 2%, but you're probably going to have to look in other states and/or warzone-type areas.If I only bought properties that met the 2% rule, I wouldn't own a single house that I do now.