While it depends on how you learn (I’ve never read a book on my life about apartments.

They are instructing the homeowner to contact their title insurance company and file a claim so that the taxes can be paid, and if you don't have title insurance or the title insurance refuses to pay; you're SOL and have to pay the back taxes and maybe interest also. 

Hi Ryan,Here is how I calculate the reserves for these smaller multifamily deals (I own three 4plexes):Essentially, I determine the remaining life of the major items, like HVAC, water heaters, roofs, siding, etc.

What we read over several blogs is,1. if we have to take out plumbing and electrical permit, we have to have a building permit2. if we ourselves take out permit then we are responsible for all the work and insurance etc.I will definitely call the building dept

One 2 Bd apt. and two houses, 5 bed's each.Financing Approach:80% Bank20% 10% down payment10% seller financing - terms to be negotiatedAnnual Financials:-5% vacancy (the market is emerging and vacancy is very low - we know this because we own a 4-unit in the same area, purchased from the same seller)-Rent roll: $55,800 - can be pushed up by $4,800 conservatively after rehabbing-Property Taxes: $4,277 -Insurance: $1,619-Maintenance / Capex: $11,160 (projected - 20% of rents)-Water / Sewer / Utilities: $6,200-Property Management: $3,600 In summary:At purchase:-$55,800 gross income-$21,903 total expensesPro-forma:-$60,600 gross income-$22,529 total expenses We want to get your thoughts on this deal.

If you nerd out on writing code and seeing an idea come to life, try the app development.

Not on your life.

Kept it recorded and crossed my fingers....6 years later they got their life together and wanted to clear the judgement...lucky me...What I learned after all these years is not keep bad people out of my nice homes.   

To some extent I'm also looking for a new primary residence on acreage so that I have a higher quality of life (no awful neighbors). 

Beautiful Woodwork that needed life brought back to it.