Quote:
Originally Posted by creditcardfree
This is totally off the top of my head and may not be exactly right, but one needs to be careful about unpaid taxes on properties. If this were a foreclosure, the bank may be selling to recoup their costs, but the county may have liens on the property for back taxes owed. Those often are inherited with the property.
Again, I might have it a little wrong...but it seems like something to check on.
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Iwould think a simple title search would uncover any liens on property like this.
To address the original question. I've heard so many bad stories compared to good that I'll never consider rental property unless I'm worth millions and I'm not.