We are focused on our retirement and our three young children’s futures.

Assuming that you have to pay taxes, closing costs, realtor fees, etc, and you are left with 300K to invest, here's how I would invest it in the Denver market to achieve your goals:I would buy three large single family homes (6+ bedrooms, 3+ bathrooms) with basement apartments with separate entrances that cost between 400-450K with 20% downpayments in Westminster, Lakewood, Englewood, Thornton, or Northglenn, also, these houses would ideally be separated from the top and bottom (ex. 3 bedrooms 2 bathrooms upstairs, 3 bedrooms 1 bathroom downstairs), so you could rent by the room for a premium on the top rooms, and rent by the room on the bottom rooms or rent out the whole bottom unit to a family.

Before this deal I didn't know anything about Auctions, Tax Lien Sales or Tax Deed Sales, I wanted to help out a friend of the family so I did my research on all three and just found it fascinating that you could acquire a property for just the back taxes.

I have three rooms I rent at $700 each for $2100 a month if I rented the entire unit out, I think the most I would be able to swing is $1700-1800 a month.

I am thinking of writing him up three offers. - All-cash offer- Half cash/half seller finance- 1/3 cash, 1/3 seller finance, 1/3 bank loan.Thanks in advance for any advice! 

You’ll want to require a verifiable income of at least three times the monthly rent to ensure your tenants can continue to pay rent.

In the first three months, I had almost $10,000 in expenses due to a collapsed sewer line and damaged roof.

My name is Francis Nasser, I’m new to Bigger Pockets and to real estate investing, I have three partners and we’re working on a Business Plan, we’ve already started building our network and team around the Miami area and we’re very interested to grow it even more.

I would encourage you to read the laws yourself, the IRS bulletins, and find a CPA who shares your mindset.I once changed CPAs due to a similar issue and saved $80k refiling three years' tax returns.

All the research indicates that the subdivision will yield three lots and one with existing house.