The original bidder need write a check for only $7,000, making it easier than a $15,000 decision.Investors should not get emotionally attached to their tax sale properties.

In regards on my experience on that field, I use to run a Glazier Company back in my country (I'm originally from Venezuela), for more reference on that company please check @aluminioscosta on Instagram.

Originally posted by @Geo Tan:Thanks for the fast responses  @Jeff B.

That will help you remove what’s left on credit and make room to use portfolio/standard or DSCR.When you are not using a local bank or credit union you are going to have to pay the typical origination fee's or points.

Is there any requirements on where the funds from the proceeds of the original sale are supposed to be placed?

Regarding the 1031, so let's say I put 5% on the new primary residence ($900k, so $45k-ish), and rented the original (former primary residence), I would have to wait 12 months before I could do a 1031? 

I received an update from my accountant and it seems the timeline of events did provided some clarification and reduced my taxes by $6k from the original $16k. 

Originally posted by @Bob E.

The property had a main house that was in livable condition, but mostly original from 1986.

Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?