Without a diligent and responsive professional, touring, offering and closing on a prime investment property of choice is less likely.

First, create a Post-Closing Occupancy Agreement that clearly states when the seller needs to move out, any rent or fees they'll need to pay during their stay, and what their responsibilities are regarding utilities and maintenance.

Thanks for your response, Derek.

The response was terrific and everyone seemed to enjoy it. 

The biggest thing I see new investors do, which JD calls out in his response to me, if you are simply going to invest in the deal with highest projected yield, you can generally assume you are taking on the most risk.  

If I were to purchase a property at the auction that is foreclosed for first mortgage but has code enforcement liens, will the code enforcement liens go away after I win the bid and pay off the mortgage or do the liens stay on property and I am responsible for them?

I really appreciate your response, vas very very helpful.

@Tejas ParuthooliI can answer your question by telling you a story at what points in my life I was developing the software and I asked my attorney if he could write terms of use his response was brilliant he said the best terms of use policy is that microsoft.com they have the largest law firm in the world at that point it was simply copy and paste.I can understand paying an attorney to drop your first LLC but after your first one it's copy and paste.With single family properties you could probably just have one LLC with your umbrella insurance.

Your agent is very responsive because you may be their only client. 

I appreciate the response.