I do know the owner can request a loan mod within 15 days of the auction and the sale would have to be postponed.

Denying it is likely swaying public opinion and postponing the inevitable.

By letting them do that and postponing my own ego I had 16 rentals by the time I was 40 had them all paid off before I was 45My advice is DO BOTH.all cash

if not they would have to postpone their retirement, just so that you can have capital to start. 

Plus of the 7 times or so Ive went, everything was postponed, everytime.

They are tough at postponing last minute sale dates too.

The deal ended up getting postponed and the very next day, I wired the money back to the lender.For some odd reason, this member happens to question my integrity even though I have proved worthy on all accounts.

I had a full-time job (not in real estate), but since my income was below $100K, the "real estate professional" thing didn't come into play.When I got married in 2012 and our combined income was over $100K, our losses were limited or postponed (because neither one of us could be considered a "real estate professional").  

You may 1031-exchange assets, postponing your capital gains and depreciation recapture indefinitely or even eliminate them permanently if you never sell and leave the wealth to your heirsBesides the benefit of being a passive investor and utilizing other people's experience, one fundamental advantage of syndications is an opportunity to invest in larger assets that an individual or a small group simply cannot afford.

However, just got a call from the seller today saying if I put in an offer for a short sale that they could postpone the sale.