Also keep in mind that your property taxes will be going up on most of your properties that you purchase below market rate.  

It was also within our $350K budget, also within our property tax budget too, and fit every criteria we'd wish for other than it not being move-in ready.

I was almost wiped out by the 2008 Economic Collapse and now I am just selling and planing to consolidate my efforts with anything I can do tax-free or tax-deferred.

Save for taxes.

Good Morning Everyone,What is the best accounting software option out there for a realtor to capture expenses/earnings and to do taxes? 

My situation:I have a pre-foreclosure under contract for what is owed on the mortgage, taxes, and HOA fees. 

I would pass just on that basis but make sure your expenses are realistic before you do that: taxes look high, vacancy looks high, insurance looks a little low, and property management looks high.  

I have found the real value in the following: Subject cell phone numbers, tax delinquency status/ amounts, and mortgage information.  

They're probably not reporting your money to the government, which could create tax problems for you down the line, and by not having a contract they are less bound to the job and more free to walk off when they want.

Here I compare the balance and arrears to the tax assessed value.