Thanks for the info, Jon.

I am sure I am missing a lot of other pertinent questions so if you have any more info please respond.

Please chime in with useful info on this topic.

Use the analogy of how the Rockefellers made their fortune in the depression, etc. 4) With making offers, I would make ridiculously low offers with a straight face, as I hear about so many people getting smoking deals for 50% of today's value Hi Alan Thanks for this info.

With a good chunk of our visitors being from Texas, I'd say you're in a good position to build your brand here on the site.Jump in, help out, participate, and I'm sure you'll see the benefits.You can also read the following post to get more info about promoting yourself here:How to Promote Yourself with BiggerPockets

Generally, Squeeze pages contain Product Image, Email address, contact info and with downloaded link which focus visitors' attention on one choice. ------------------------------- James Cliff [REMOVED]

Ok heres an update and more info...ARV 65,000 (over conservative)Tax 75,000 (always high)Contract price 37,500MVR 8400.00 yr.Debt 6000.00 yr.behind 6 mo. = 3000.00repairs needed 7000.00 (rent ready)Rehab cost 15,000 That was until today... now I have new contract stating 14,000 from mortgage being assumed and 15,000 going to seller on promissory note with 2 yr ballon.( plus extension if needed) So my question on exit strategy is still up for your opinions.How would others like to exit if it was there deal?

Thanks DemosL,How much would you say it would cost me to gather that info from out of state, to find out about there contracts, state laws etc?

Soak up the info on here you can learn a lot.

Thats a tough one to get general info on...there are so many variables depending on where you are located and what type of tax you are speaking of..property vs. income etc...foreclosure vs. seizure as well.Are you a first time investor or first timer in the investing of tax foreclosed properties...because the realm of taxes is not the place to get your feet wet investing in real estate.