Cashflow is hard to find in SC on LTRs these days due to the explosion in home prices in the last 5 years.

Being specifically located in CA could help marginally, but you may also pay a much higher fee due to the higher cost of living (depending on which part of CA of course).

Be sure you and your friend are receiving annual forms 1098 associated with both loans and that you discuss with your respective tax advisors.You will purchase hazard insurance in your name, listing the underlying lienholder as 1st loss payee and your friend as 2nd loss payee.When structuring a wrap, it's best for the wrap term to be longer than the term for the underlying loan and of course the monthly P&I payment to be higher. 

Hello,I am new to the real estate investing and I want to start with the Tax Deeds.

These factors can impact the ability to develop or renovate a property and the tax implications of owning a property.Zoning RegulationsZoning regulations are laws that dictate how land can be used within a particular area.

Nor would I buy here with the looming property tax threat against STR's. 

You would then hold the loan on a 90-95% LTV product at 5% (Which is taxed at ordinary income).

And we live in CA so our tax rates are high.

Tenant is also responsible for all landscaping.I covered the cost to repair the valves and now tenant is asking me to pay for excess water usage due to the broken valve ($700-800).

I am new to tax deeds and trying to get some education about it.