Yes, there does need to be some regulation in place so it doesn't turn into the "Wild West" of STRs. 

wild world we live in.  

I forget the number right now but if you are within I think 5 days from sale date the lender isn't obligated to reinstate, but still may.You may be able to delay the foreclosure by simply asking for more time, you are now the property owner and have some sway.A couple observations:You don't have title insurance as no title company will insure a trustee's deed in CA, so that won't help you.You won the auction based on your commitment to occupy the property (SB1079), so this is not a quick flip.To buy time and delay foreclosure you can file a stripped down bankruptcy.You can't stop payment on the 86k wining bid since you paid cash at the trustee sale.Generally trustee sale buyers don't have a real good feeling for the property condition, unless you do for some reason, so this is a wild card. 

The strongest trend will probably remain the migration from north to south (FL, TX, NC), out of CA and IL and also a little more away from heat, water shortage, wild fire smoke and storms.Real estate markets move so slow, that short term is realitvley easy to predict based on leading indicators.

I'd say 10% of the appraisals that we order are wildly inaccurate and appraisers have far more training, experience and licensing requirements than brokers- at least in my state. 

And I suspect there will be a ton of bidders when it starts that low.. wild to build a house like that with no garage. 

Because there’s no forum moderator or webmaster, the idiots that live on the MortgageGrapevine.com forum can just go wild.

It's also helpful to get a read on someone you have to be neighbors with if you're a house hacker.Here are the questions I typically ask a tenant at a showing/inspection, and a number of the wild/helpful/interesting answers I've received over the years as an investor/agent.  

So conflicts of interest run wild and buyer beware.A true investment club is similar to what a true investment club is in the stock market.

Any wild idea that how much it will cost to make the vacant lot to a living space?