I understand this is over simplistic, but I'm grasping with the idea of not having full ownership/disposal rights if I as the mortgagee am the high bidder at auction.

Patrick, that's the simplistic approach I was talking about.

While I agree with that, it's very simplistic and shouldn't be the full analysis of the deal.Read this for more details on analyzing these types of deals:Introduction to Investment Deal Analysis

I may have a simplistic view of things, but it seems to me that farther you go from the direct "payment for service" model (i.e.

It clarifies in a very simplistic manner my thoughts.

Some people find the most simplistic excuses to do wrong if it benefits themselves.

Take the cash and start over again.I know this seems very simplistic but it works for me.

In the most simplistic terms, 4 or less units are valued by comps.5 units and above are considered commercial and are valued by the income the property generates.There is a ton of information on this forum to help you understand multi-families better.

I would actually go with a more simplistic approach.

but it's outside the scope of what I wrote...Working in the yard and washing cars may take you away from your family, but for us those are family activities...we are pretty simplistic up here..