I'm wondering if outstanding mortgages, taxes, or violations carry over.The auction states that the title is free and clear of liens, but the contract only mentions a quitclaim deed without explicitly confirming a clear title.

The lady that I spoke with said that they provide that information in printed form because of outstanding debts that the deceased might have.

Damn it! 

Not sure if there is a better low-risk investment strategy that is damn near guaranteed to create meaningful wealth. 

As an anecdote, we think we are pretty damn good at management, and because of the human side of providing this kind of service, we can miss someone's expectations. 

Im tired of letting tenants bail out with unpaid rent and damages that exceed well past the deposit.  But I rather not have to deal with small claims directly.  Is there some sort of collection service where I give th...

So the foreclosure took longer and cost us more, evnetually we foreclosed and took the property back and sold it (at a loss).So damn I lost money on this deal....

It's either lies, part of partnerships, or just damned lucky. 

Give the tenant 1 month to pay the outstanding balance4.

If using DSCR, then the cash flow on the house with the outstanding mortgage(s) would come into play.