It is my understanding that if you enter into the lease knowing of the foreclosure and placing a tenant anyway, then the lease is essentially deemed invalid as you and the tenant knew that it was a matter of time before they were evicted.Also there is an assignment of rents in residential mortgages as well, and doing this may open you up to a lawsuit by the mortgage holder since you essentially stole potential rent from them.And finally if the plan is actually to buy an HOA lien and wait until a foreclosure, I think that falls under unethical practices and would never do that, or encourage anyone else to either.

She can go right over the hill to Kalamath falls and buy rentals for almost the same price as mid west..

It's a shame when someone falls flat on their face, "forgets" to pay the IRS and then needs to search for money and scape goats and starts to point fingers but it's part of the lovely open forums and social media we all have access to so do your own due diligence.  

Granted, some neighborhoods just cannot be investment grade-- Piney Point and River Oaks-- but there are some that are on the cusp of falling out of investment grade but still just about there.

You typically fall into a deal or two at the start, but then you have to really go to work to keep it going.Biggest mistake most investors make is assuming all properties perform the same, regardless of location, tenant pool, etc.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

I did fall into the trap of looking outside of Utah, and I still have one of those deals in my portfolio, but the equity position on my units here are substantially better.

They fall under the $400 SE income threshold for filing and do not require tax returns.

You can't expect things to just fall in line, with some things your inputs will directly correlate to your outputs and this is one of them. 

You will need to determine if this falls under SEC regulations depending on the amount of capital, nature, and structure of your investment.

It's an inexpensive market, but don't fall for cheap opportunities that look good on paper and details left out concerning the location and the vacancy rate.With the proper guidance, you can grow a successful portfolio with the right team.Feel free to connect if you have questions.