Hello BP,I was just informed my closing will be delayed because the previous owner has not paid taxes on the property for the past three years.

Have a few SFR now and have been doing my own taxes.

Got home and did my research and found the tax assessor has the owners mailing address different than the prospect address, but only about a mile away. 

.- <or> Go ahead and think about pulling it out, take the tax hit, and look to buy a good cash flowing rental.Buying rental property outside of a SDIRA is best and more tax efficient.Just my thoughts, good luck!

Then add ALL costs related to holding the property (utility costs, insurance premiums, property taxes, loan payments, etc.).Concessions: Concessions are what you give back to the buyer at closing.

A friend suggested I join this forum for tips and details on escrow, renovations, renting out, and property taxes.

Can someone please tell me what the Percentage i , for what the Taxes and Insurance is , for properties in Shelby County ?

Then start doing flips, buying notes, tax liens, and more to help increase your capital while the rentals provide a foundation to rely on in case a fix and flip goes bad.By the way if you plan on managing the property yourself, try using a service like cozy.co or something similar.  

The BET cashflow (before tax?)

8 UnitsC classPurchase price 207kRents range from 425/mo to 525/moMarket rent 525/moNOI $26,186Pre tax cash flow $13,186Good deal??