Steve: If you are going to bid on an Ohio Common Pleas Court  foreclosure, the process is pretty safe because the foreclosing lender has to include a "PJR" which is actually a "Preliminary Judicial Report" which is a title report and include a commitment for title insurance should the bidder be successful and the property to be conveyed.This differs from a liquidation auction by a lender, private auctioneer, receiver (other than an actual foreclosure case) where you might be successful but the property has pre existing liens that don't get swept away by the foreclosure case.For your first one of these, get a lawyer to advise you.

Thank you all.Tanya BRRR's are pretty common here.

Additionally, they should be able to clarify how FHA guidelines apply in this specific scenario.

To answer your question about the 203k, yes this property would qualify in this scenario as long as the residential portion of the property is larger (51% or more) than the commercial space. 

Most commonly in this area it would be for boats/campers.Specific insurance?

A solid B property deal in Huntsville could net you up to 0.5% depending on the down payment amount in the best case scenario right now.  

Hey @Michael WhitmanThat’s an intresting scenario you’re considering!

The 150k sale price less then 100k basis.Hopefully that makes sense, but send me a message if I can help in anyway or run some numbers on any scenarios. 

Both GC's stated this is worse case scenario and expect to be lower.

Scenario: The investor owns 10 single family homes acquired over the course of the last couple years.