My husband and I decided to invest in some properties last summer from our county surplus sale.  

I'm sure all of you are already quite aware of the huge surplus of homes now available in this city and at what now seem to be very good prices.

(b) The clerk of court without delay shall use the money paid tothe clerk under this section to pay the expenses of the sale and topay and satisfy the amount secured by the lien on the property sold.The clerk shall at once return the surplus, if any, to the personalrepresentative unless the court, for good cause shown and afternotice to the personal representative, otherwise orders.10363.

I intentionally let them go to tax sale in order to liquidate, intending to claim the surplus overbid overage (which amounted to $125,000).

Crews that can roll from one to another, materials surplus from the last can be used on the next, buying items in bulk for a discount, commercial or trade relationships with vendors so you get discounts for all purchases.Use the math to tell you want the deal needs to look like.

Bought two new vanities at surplus stores.

If you are going to present the numbers to the owner, which in my opinion is a good idea, I'd recommend you get the Final Report form and fill it out (preliminary, of course) with realistic numbers based on a recent foreclosure with a similar sale price (say $50K) and then show her that the surplus goes to the COURT... and then eventually to her.

When you start getting a surplus of properties you can start wholesaling them yourself & since wholesaling isn't your primary business you'll be able to sell them are what I like to call " Fixer upper discounts".

If I were you, I would see if I can afford a 15-20% down payment with surplus (lenders require liquidity), then crunch the numbers and understand the necessary expenses to make sure this place is cashflowing.

Perfect way to begin building your portfolio without having a surplus of cash which I'm guessing is likely your situation.