Winning bid gets the property, the quiet title order and the clerk's deed.

That said, long-term the appreciation you get in the Puget Sound region is superior to many other markets, so assuming you find an excellent property management company that is able to screen tenants and only put in very well qualified, vetted occupants and you experience limited issues over the holding period, you'd likely come out ahead retaining the Mill Creek property if your financially able to do so and still buy wherever you are headed out of state.

I found a good deal that I really like for $160K, which has excellent cash flow potential.

-Where can I find a software to purchase or should I create my own excel to properly make sure that each deal would cash flow before I purchase?

Congrats on winning the bid!

The other guys had excellent responses and they know what they're talking about. 

If you're local housing authority is decent to work with and you screen your people well section 8 can be a win for everyone. 

That typically means doing value-add projects that you can refi out of afterward and/or using normal monthly savings to pay it down.Using a HELOC to 100% finance something is not a winning strategy.

That's a big win for me because, generally, when you're evicting, the tenant stopped paying rent.

Investment Info:

Retail commercial investment investment.

Purchase price: $125,000

Cash invested: $125,000

A while back, I found myself with an intriguing opportunity: a property priced at $125,000 t...