Use the title company or closing attorney to draw up the contract, amortization schedule, and file the lien.

Going out to Alabama means you’ll have to file state income tax there—pain in the butt for $200/mo.A buy box that makes sense for your investment goals.

I believe since you opened the LLC this year you had 90 days to file with FInCen, and from what I read could have hefty fines and a felony.  

Went through the process (Notice to vacate, filing, etc).

Winning bidder then stands by until the crier is done then the 2 to 4 people that bought property that day from the crier go into the coffee shop or other local sit down place and the crier fills out a receipt for your funds which includes your vesting .. you hand over your Cashiers check and your done.. the only way you get your cashiers check back is if the owner filed a VERY late last second BK or some other problem with the sale.. 

But the nice thing about a commercial property is that you do have control over the value of the property. buy-out costs have to be baked into a business plan along with a clear understanding of what the property can produce over a given timeline. $2.2M for 12 units could be a really good deal in a good location with the right plan or it could be money pit and the end of an investor if it is in the wrong place or a bad building.

Here is the link: https://leg.colorado.gov/sites/default/files/images/committe...

if so, this had high risk written all over it for all parties, as in todays market it is very rare to find properties that will produce positive cash flow with 100% leverage.  

Even if you found a deal for $200,000 that produces $9,000 a month income, that's a complete unicorn that you probably found off-market.

If it's permissible then the #1 feature for top producing STR's is proximity to water.