Unfortunately, this is the simplest part of trustee sale investing.

If you are mainly looking to do rental property then a Limited Liability Company (LLC) is going to be the simplest and cheapest way to protect yourself.

Why I'm joining the BP community:  I love that the gurus are nowhere to be found, and we can have frank discussions about even the simplest of topics. 

A typical problem would include the simplest approach, resulting in a relatively low return, to strategies for juicing it up and maximizing your money.

@Michael Willis if that's the case the simplest solution is to get a seller carry with 10% down. 

In simplest terms, it's a HELOC. 

Most of them aren't the most user-friendly and the simplest mistake will mean that you'll spend hours trying to track it down.Most of the systems I've been testing are missing something.

Given that it is only one property, the simplest answer is probably to go out and get adequate umbrella insurance coverage that includes rental/landlord coverage....a $1M or $2M policy would probably cost less than the LLC filing, depending on your state.  

The simplest explanation is that the market still has lots of over exuberance and people simply don't care about rates.

If there is a repair on maintenance expense we simply use his account to withdraw the cost.I am sure there are better ways to go about this, however for us it seemed to be the easiest and simplest solution at the time.