Damn it, Bob - I have to agree and I don't want to...:)When someone breeds a Kosher pig - I'm all in lol

There are some outstanding pockets in Cambrian, especially in the 95124 zip code, that I believe are very fairly valued and have a great upside.  

I am looking to purchase a home through auction for my family and I and the details are as follows:Wells holds the lien and there are no junior or other outstanding liens.It was established in 2011 at 175k and the property owner stopped paying over the summer so I think it's in the 161k range for what's left on the mortgage.In talking to Wells they said that they were not listing the property for auction but the owner was... yet Auction.com lists this as a foreclosure property.My father would partner with me on the cash for this deal until I can grab my traditional financing but he is worried about being on the hook for more than we expect.If I have checked with my recorder of deeds for any extra liens or overdue taxes, sewer bills, etc, can I be on the hook for anything more than my bid price if I win? 

Outstanding community.

At a scavenger tax sale, the bidding starts at $250 regardless of the amount of the outstanding taxes.

You can only have one outstanding FHA loan at a time.  

Below is an outline of what we have outstanding:3 family - Loan in my wife's name only - house hackedSFH - Loan in my name only - Owner occupied and plan to keep it that wayNow for our next loan on an investment property I am not sure if we will use both of our profiles to purchase but we are open to just figuring out what works best.

Hey Julian,This is a good question, but the answer is pretty damn complicated.  

I'd be happy to chat with you folks about lending stuff, but my zone is only 1-4 unit residential.I generally connect pretty damn well with silicon valley tech wizards, and early on at least that is of course going to be a demographic disproportionately over-represented among your clients (former co-workers at other tech startups etc).

Good luck on your first deal, In my opinion you're on a damn good path.