The information contained in this post is not to be relied upon.

If anyone who is knowledgeable, please chime in so I can relay such information to my friend so they can have proper step to follow.

There is no background information.

I was trying to get started, had all the information but needed to pull the trigger to get in the game. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

And in part, it depends on the investors and capital that you have access to (this tends to play a factor in many decisions when raising outside capital).If you do want to go the fund route, you might want to consider using Avestor. 

Two things I remember that probably don't happen today: -First property was a no-doc loan, technically low doc because you still had to provide information but with 30%+ down pretty much anything you wanted was yours.

Youre with WAY too many options and decisions at one gulp.

when I informed the tax lien purchaser that he did not purchase the house, only the tennis court lot, he did not believe me.  

To ensure you’re acting ethically:Full Transparency: Be upfront about your intentions and ensure the organization has all the information it needs to make an informed decision.Fair Value: Offer a price based on fair market value or justify any discount with clear benefits (e.g., taking on deferred maintenance or providing a quick, hassle-free transaction).Win-Win Mindset: Emphasize how the sale could help the organization, such as freeing up funds for its mission or relieving the burden of maintaining a distressed property.4.