YUP  when the GFC hit I had 450 loans out from my company in the mid west cash flow states from Chicago to Atlanta.. over 200 of them went into default over the course of the year..

Of course, as is always the case, a lien will not be divested if the lien holder has not been given proper notice of the sheriff sale - so even a “free and clear” can have an encumbrance when a failure to properly serve notice happens.Hopefully that was sufficiently clear; if not, post more questions and I’ll do my best to offer clarification. 

Of course, your bid will be extremely important, but it would be a challenge to get to the point of executing a bid proposal if we aren't confident in much of the above items.  

And even today with my current 90 home project while its full doc of course since loan size is 5 to 10 mil depending on how many homes we have going I was also able to negotiate what happens if..

. - Of course, this assumes you are managing the property with free labor. 

A median single family home is $570,000A median townhome is $377,000A median condo is $312,000 (not a fan of these for investing purposes in our market, a whole other discussion)More quick stats:Homes went for asking price, on average this monthHomes sat about 20 days on marketSellers has 10 showings before going pendingThere are about 3,000 homes for sale, which is up 20% over this time last yearWhat I'm seeing is takes about 2-3 offers on average to get a property under contract (all depends on your aggression and strategy of course, location, etc)Overall, buyers have a lot more sway than the last few years.

Also, at a much lower cost than many of the national "guru" courses.

Of course our landlord (and friend) knows what we're doing, and gave us consent. 

Of course as nature of things the community of investors in my area that are investing in the US is small and no united network of investors exists.Couple of days back a large conference of investors took place and I mingled with everybody and handed out business cards and managed to assemble 20+- investors to open a REIA. 

In KS we got a 5% renewal as well but of course way different than FL area.