I look to achieve the 1% rule when purchasing although in the current market it’s not a guarantee of cash flow.

I invest in an A/B area with an average purchase price of $500k.  

There are some markets that you may be able to make a purchase with what you have available. 

Leaving out auction and foreclosure costs for a second, when you write that check for $220k the trustee is going to pay BigBadBank the $175k they are owed first, then he's going to pay LittleBadBank the remaining $45k, and you will get a clean title as the process is going to wipe the slate clean.

Thank you for the very thorough and clear thought process.

Yea, I'd love to call and maybe change your mind with our processes 

In fact, I would estimate that it is mostly upper middle-class folks that have the money and wherewithal to go through the vacation rental process - prepayment of substantial monies, etc.If you only have one property, I would just stick with Venmo, CashApp, or Paypal.

I recognize that when my family visits I'm hurting my profitability, but that would be once or twice a year and its part of the selling point to my wife to purchase a property.Where I need help is running the numbers. 

Otherwise, you will have to explain the large deposit and possibly the source of the funds to buy the crypto.You can expect to need about 20 percent of the overall costs of the purchase and rehab.

The defendants researched and located properties that were in the pre-foreclosure short sale process more:https://www.justice.gov/usao-edtx/pr/self-proclaimed-short-s...18 U.S.C. § 1344 – Bank Fraud18 U.S.C.