The first mortgage will provide a payoff to the sheriff/court and the funds from the auction go to them.

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

Alternatively, a private or hard money loan could provide faster funding if traditional lending timelines don’t work, with the option to refinance once the build is complete.

However, I believe multi family provides the best ROI and is the best way to scale.

I’m hoping to learn more about the industry, its dynamics, and explore potential opportunities for collaboration and growth.Totally understand that nothing in this field comes for free, and I’m more than willing to share my expertise (tech related) and provide support wherever our skills and goals align.Looking forward to hearing from you and hopefully connecting soon!

Ensure the state provides a clear title upon sale.

Total time spent throughout the year may be significant, depending on the number of properties and amount of activities, but year end is no more difficult than any other time period they're doing. 

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Small towns can be lucrative depending on the unemployment level, population trends and safety.

I think they used to go up to like 80-85% CLTV depending on credit score.