Unless someone wants to chime in on if the vested and monetary interest the lien holder already has in the property is considered or not, I'll contact the county.Wayne it sounds like the lien holder is technically the first bidder if they start the bids at the amount the lien holder has already invested...?

This is new to me so I'm hoping for help to shoot holes through it too... 

We have hard money to purchase immediately. Looking for 2-3 bedroom, 1+ bathroom in Oakland County, Michigan only. We need to build our network of wholesalers, so even if your current properties don't match this listi...

But for Example #2, in a market drop, some major event, and I find my $200k property worth closer to $100k, now I'm $40k in the hole. 

I've got $400,000 cash burning a hole in my pocket and you seem to know a lot about real estate. 

Then I agree with Greg, what's the urgency to pay out a low interest loan, when all the surplus money burning a hole in your pocket each month could be put to better investing use? 

Is this safe to use with no holes in the lease?

Just dug myself in quite the hole through some difficult times.

But rat holes in rat hole locations can be the worse.The problem with buying turnkey is getting them to cashflow.

There are a few potential holes in my plan.