Leaving out auction and foreclosure costs for a second, when you write that check for $220k the trustee is going to pay BigBadBank the $175k they are owed first, then he's going to pay LittleBadBank the remaining $45k, and you will get a clean title as the process is going to wipe the slate clean.

Start with BiggerPockets Ultimate Beginners Guide (free).

other posters have started threads saying they're going to buy STRs for tax savings... and this doesn't make sense to me.  

When you specifically mentioned STR experience and the possibility of something with some added "personal value" bells started going off. 

Just started with Cohost July.  

Knowing your current state comps is a great place to start and a real estate agent can help pull those figures quickly. 

When regulations increase risk, cap rent increases, and make it difficult to evict non-performing tenants, it's time to consider a 1031 exchange.I was living in NYC in 2004 when I decided to start an investor services business.

We are looking into the possibility of starting out OOS investing in Indianapolis.

Great option for buyers financing with VA, FHA, conventional, DSCR, or cash of course (no seller financing).The listing will be available starting in mid-February and most likely won’t be on the market for long so shoot me a DM for additional details and I’ll be happy to chat!

Can you provide guidance on how to get started and some effective strategies?