Think farms, auto mechanics, small construction companies, welding shops,electricians, plumbers, boat mechanics all need entry level help around their shops.

. - In case of a senior lien foreclosure, the auction sale will wipe out various junior liens (mortgages, judgements or mechanics liens, etc) in the process.

The house is generally in very good condition mechanically (newer boiler and on demand hot water heater, PEX supply plumbing, new outlets, switches, light fixtures, updated electrical panel with breakers, fresh flooring, fresh paint, etc).

So this property qualifies for both.The mechanism we'd use with you is to sell the property and do a 1031 exchange. 

The bank will not release future funds unless I satisfy the mechanical lien. 

If you switch those outlets out to a gfci outlets, the tripping mechanism in the gfci will give you the safety portion that having a ground would.

I am 24, a mechanical engineer in Orlando, FL, of course looking to getting into real estate investing.

I'm just your average blue collar worker, I've spent the last 12 years being a heavy duty diesel mechanic.

Closing cost of around $ 25k-40k  along with inspections ( mechanical , plumbing , electrical , structural .

My real estate investing is really a mechanism to diversify my income in retirement which will likely be in about 15 years if I play my cards right.