Just a friendly reminder, Always but Always double check your information source. Last week, I was tracking down a deal of the decade only to find out that a county employee mislabeled what part of a HOA they took at a free and clear auction.

I saw where the bank that held the mortgage was the only bidder on the place. The county was reporting that it was 54 apartments. I thought that is lot work to take on that many non-payers at once, but I am up for that challenge. Well it wasn't the residential part of the this HOA. Instead it was about 70,000 sq/ft of office space of which only 22% is occupied.

The difference between something as sweet as honey and biting into a lemon is the information source. Always double check it. I didn't lose any money but I did lose about 15 working hours

On the plus side, the Non-performing asset manager at Erie Bank knows who I am.

Regarding staying current with laws and regulations and double-checking your sources:

Do NOT rely on websites that attempt to interpret the actual law for the landlord or tenant. I have found they are simply often wrong.

I have written to a few this year correcting them, and always received an "Oops thank you!" rather than a "You are wrong and here's why" response. The trouble is a lot of their info is cut & pasted from state to state and not updated per state sometimes, or they all copied from the same (wrong) website.

RayRay,

Our local tax sale is online. SEVERAL bidders on this property, I won for $26,000 The tax records showed photos of a NICE home in the country.

The treasurer comes to our Christmas Luncheons. She gave me a heads up. I missed one digit of the long parcel number. The real estate up for sale due to unpaid taxes was the DITCH behind the residence.

Paid the $6000 fine to drop out.