You do need to partner with a good operator, and there's plenty of mediocre ones out there. 

If the insurance isn't done properly, it's on the edge of impossible to cash the check because it's made out to the lender, my company, and the seller(s). 

You hire tax specialists in every country in which you invest and you have them work together with your tax advisor in the US.What you could do would also depend of your own knowledge of the tax laws in the countries in which you invest.Hope this helps

@Quentin McNew, you should check out the monthly(ish) investor webinars.  

What made you interested in investing in this type of deal?

I actually had this account from years ago, before my Realtor days and before my mortgage lending days.

thanks for that shout out @Bill B.. 

Do it with pen and paper first and then once you're well versed, you can start to build out a proforma model.

Hopefully this helps.

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction?