We use Enterprise Bank & Trust who is well known in the PM world.

I believe that the notice and my subsequent timely communication and refunding of the payment would handle that issue if it came before a judge.

Subsequent steps include credit assessment and, upon agreement of terms, submission for underwriting.

All bids are to be based on the bidder’s own information and knowledge of the property, learned through his or her own efforts, and not on any representation or comments made by the Committee.The property is being sold free and clear of the lien(s) being foreclosed, and of all interests subsequent in right to that lien.The property is being sold subject to:All taxes due the municipality not foreclosed by this action,Water and sewer use charges not foreclosed by this action,All building and zoning regulations of the municipality which affect this property,All building lines, easements, restrictions and all other matters concerning this property which appear of record,The rights of any person in possession or occupancy of the property who have not been made parties to this foreclosure action,The right of the United States of America to redeem the property, if applicable under Federal law,Any other liens on this property which have not been foreclosed by this action.Further description of the property and further terms of the sale may be obtained from the Committee or from the court file.

When you pay these large chunks, your subsequent REGULAR PAYMENTS are also more effective, because your principal / interest ratio is improved by quite a lot.

(Not really a surprise that CA makes life a little harder)The California Franchise Tax Board will require that you file a new form every single year (Form 3840) in which you detail what you did with your sale proceeds, where they are invested, and whether you ever recognized income from your sale or any subsequent sale.  

If you are able to make considerable improvements in those first few years while living there, being an owner occupant during that time also allows you to take out a HELOC on the property much more easily than on something that's already a rental, giving you valuable access to capital for subsequent projects.

Therefore, if you choose to sell the subsequent property later on, you will ultimately be responsible for paying the taxes.I would retain ownership of the property, continuing to generate rental income, while leveraging a second position loan to acquire additional investment properties.

I understand your frustrations regarding your investment in a turnkey property with Ohio Cashflow that you purchased in 2021- and the subsequent challenges you faced with tenant turnover and maintenance expenses.

Literally will get the same property from 15 different wholesalers, with each subsequent email increasing the price $10k from the previous email.