However it is typical to allow the lawyer representing the lienholder (lender) to make an unofficial bid referred to as the "upset price".

For example, a $650k 3-4 unit where each can rent out at $1,500, allowing for a negative cash flow of $2-2.5k/month the first year.PossibilitiesGiven those goals, it would rule out the more expensive places (California, Seattle area, Austin).

We're in a community property state, where I believe my wife is automatically considered an owner.Would you be able to clarify if I am allowed to quit claim into this LLC as is, or if I'll need to add my wife to become a married single member LLC (married SMLLC)?

Quote from @Tenzing Palmo: Hello I’m looking for my first investment property in Dallas Texas, I live in nyc so I don’t The trick with new construction in many of the growth cities is that don't allow rentals in the HOAs or have super restrictions. 

House hacking—a concept we discuss often—could allow you to offset your housing costs while still owning a property you could live in down the road.

I would go to the big bus tour events in Irvine CA. what was happening was there was a turnkey operator that was allowed to offer their product at the end of the Seminar ..

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

Also, I plan to put 20% down...rather than 25%...which will allow me to keep cash on hand to complete the needed rehab.  

Double closings are no longer allowed in the state of NJ so I've been told by one or two title companies that operate and do a lot of transactions in Northern New Jersey.

We accepted the higher rate because the lender agreed to allow assumption after 2 years with no qualifying, at the same rate and terms (20 year loan).