They also handle legal matters, like making sure the property follows the rules or dealing with evictions if necessary.For finding deals, I recommend starting by connecting with investor-friendly agents in your target market.

If you are not out by the deadline or the property is damaged, this agreement will be void, and the Landlord will pursue legal means to evict and collect all unpaid rents, plus any other charges owed."

This is something their screening probably would have caught, or their system would have a legal procedure to deal with it.

does anyone know what this means and how this is going to affect the potential claims?

We have our starter home currently rented out and can potentially move back. 

Considering it's from a reputable auction site, do I have decent legal standing if they misrepresent it?

Namely, that if a tenant (in this case accompanied by a whole family) ends up stop paying rent and I would be on the hook for both covering the mortgage and dealing with open ended legal costs and time.

Is there any legal action one can take or is it just a lost cause?

.: Is it legal, per the IRS, to rent my primary home back to myself? 

Vet potential partners carefully and aim for relationships that can grow with your portfolio.In this higher interest rate environment, focus on cash flow and creative financing options like the HomeStyle rehab loan or seller financing.