However, there are also people with FREE lawyers, who survive by manipulation and cheating and taking from the system every step of the way.  

But For me is totally worth it given the huge CAP rate (especially in areas that are at the beginning of gentrification process where you need to survive as a landlord for few years)

I want to hear from investors who got their start long before the infamous housing market crash of '07, '08, '09...... What one or two things do you do differently NOW because of what you learned THEN? Don't hold back...

Then you also need to be able to not only spend that, but survive without a salary coming in.

If you buy smart, you will survive the ups and downs that occur.

Roughly, our business could survive about a 65% vacancy rate and not require any outside funding to keep it solvent.

Current state, no repairs Fire Sale Flip Price if acquired) -minus- Your existing lien -plus- the Now-term lien opportunity you mentioned -plus- any anticipated Soon-term other lien opportunities likely to arise if the property survives through the foreclosure process -plus- Costs to finalize the acquisition.This is your BASE expectation for profit and permits a value judgment for moving forward on any individual lien. 

There will be no soup left for you.Most of us that survived doing this for more than a year were working 'in' our business early on.I like your drive and your scrappy-ness @Raeshelle Cooke. 

At 24 I was still dead broke and barely surviving.

Per NCGS 57D-9-43(3), "The surviving entity has all liabilities of each merging entity."