Property taxes might be automatically paid by the mortgage company or sold as fifa

“Your Honor, he told me I could stay for free as long as I paid the utilities”.

Paid cash How did you add value to the deal?

I currently live in a home that is paid for 100% by a trust fund which is not in my name nor my wife's. 

2nd piece is the house hack...We think best course of action would be to have an investor friend we know buy the house in cash, once we are done with renovations, we then take out a full mortgage on the house to cover whatever he paid for it and then pay him back with some interest.

They are customarily paid by the seller. 

Will cash flow around $150 after overhead/vacancy/repairs.Once HELOC is paid off, purchase prop #2 (maybe a #3 next year).

I also don't know if the water / power are metered separately - I plan to drive by today and look for meters.Now that I know I have time to secure funding, it boils down to getting the pre-approvals done and deciding on what I'd bid.So to update my back-of-the-napkin conservative numbers:Rents:  $3900 / mo or $46,800 / yr assuming fully rented which isn't hard here.Expenses: Lawn care ($400 /mo during summer, or $2800 / yr est. 

BiggerPockets has calculators that you can use to input the project financials and create a one-page PDF report to market your properties to potential investors.There are other paid services that provide similar functionality, but it's hard to say without knowing your investment strategy...

I bid my number and stick to itDifficult to get a conventional,fha and va loans on these properties as no repairs are allowed and no closing costs are paid