You can be ready to go , funds in place , and show up the day of the auction that property you are going for has been cancelled, regardless what the website says.Besides that, I noticed that properties are put on auction a few times so there is a chance to keep tabs on them, and Texas has monthly auctions which is great for gaining experience. 

I, and the investors that I work with find the advantages with new construction investment properties are so great it is sometimes hard to compete. 

The loan is non recourse, so I have no personal liability.  

Let's talk,DanIve actually been looking into buying a condo myself as an investment, I have a few rules, needs to be with both good hoa management & relatively cheap fee (bellow $600 a month) needs to be in area where I’m not competing against other new construction apartments, needs to be an area where even townhomes are so expensive you are not competing, I.e. upper nw, nova, Bethesda etc. needs to be 1990’s or newer in most cases.

So, that specific area isn’t in a high-growth stage.  

@Roshan K.Ya I know it looks sketchy and defeats the purpose of the LLC but I figure if I kept the funds seperate and can prove that they were used for business purposes only it wouldn't be so bad as a temporary fix.

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).  

So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, email [email protected] and someone will help you.

But my sofa has a medium gray fabric that wipes off pretty well with a wet microfiber cloth, and dogs have not stained it or even gotten it very dirty so far.