With a private auction of an already foreclosed property, you will usually be allowed as part of the closing to have a title search done and to buy title insurance.

I have close to 30 units which are all doing MTR and are managed by us.

If you know of any legal entity in TX that can help in a case where GP is not doing their job (maybe a branch of SEC), please let me know.TIA

It took some digging, working closely with a title company, and negotiating with multiple parties to get it resolved, but in the end, it was a great learning experience—and a successful deal!

Keep us posted on the closing and how the stabilization goes with the building. 

I feel like there's still people trying to make BRRRR deals work close to the city and the truth is it's nearly impossible given prices, rates, and the cost of construction.

Hi Valerie,Theres a few options you could go about, there are a few investors who can blanket the loans but this is going to be more along the likes of hard money, so increased costs.I don't think the seller would be opposed to amending the contract and allowing you to close separately (assuming the SFR is a applicable value).

@Michael Carlson For what it's worth, here's a copy of my proforma (it uses the address and pic of the property I linked to earlier, but uses your numbers as close as I could get)...

Legal RequirementsIndiana landlord-tenant laws are generally landlord-friendly but require you to be diligent.

We sold to an attorney who provided a retail-cash offer and quick close, relocating to the area.