All liens are removed from the property as the result of sale at auction.We won the bid, wrote the check to the sheriff within 30 days, and today the deed was recorded, we are the owners!  

Because of the time value of money I would rather have the cash flow today to reinvest in other projects.You mention that that seems to rely on appreciation- I think it is the opposite, by pushing out the term I am focused on cash flow.

., so make sure you figure in VRBO as well as AirBNB in your calculations.I don't think 8-9% is terrible today.

----------------------------Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy, but the same applies if you have a mortgage on the property as well:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]My one caveat is that a 1-4 unit residential property in Missouri is eligible for an 80% cash-out, albeit at a higher interest rate premium (8.625% @ 80% LTV vs. 6.875% @ 75% LTV today).

Younger people today aren’t afraid of investing in any country worldwide.  

We have some cash savings in the ballpark of 10k ready to invest today not including emergency fund and other savings, but that number is growing thanks to a recent bump in income.Now for the pros.

After viewing the property today, I believe I’m going to pass on this deal. 

I just worry the property won't cashflow, but I know that is hard to find it today's market.

We self manage from Chicago and it’s very manageable in this market with the help of today’s technology.  

You might notice today, it's discontinued.