Once you understand these basic things (a several more) you will be in an educated position to put in credible offers that can turn into successful ventures. 

Quote from @James Kiny: We are a welcoming group of investors -seasoned and prospective - looking to share ideas, talk over problems and celebrate successes of our group members.

Quote from @Thu Pham: Hi community, I'm in the process of acquiring my first STR property in Joshua Tree and have met with a co-host that I really liked.

The property either has to go through the tax sale process, receivership, or some other program (donation, etc.) to have the liens abated. 

Hopefully, it was based on their ability to successfully execute a transaction, and not just because they were cheaper than everyone else.  

Having one can definitely speed up your process, especially when considering a HELOC or bringing on investors.

Yes lots of moving pieces and honestly, I have NO clue how this gets settled - but what I have  a CLUE on is I have the rolodex of attorneys who I can pick up the phone, call and understand this process and know what questions to ask to understand the risk - such as - what if we petitioned the probate court to use an independent 3rd party (if we buy it)....

PS I owe our success to this project to my Wife.. if we listened to our GC he would have put in what all the other  GC or builders do..

@Quentin LeeTo build a successful investment portfolio, focus on cash flow, value-add potential, and cautious leverage.

Many people have a license, yet they know nothing about the process.