My question is, is the process the same when the owner of record is the foreclosing bank?

The return looks good, however, I heard someone said the redemption process is long and difficult to get their money back.

Happy to hop on a call and walk you through the process if you have questions. 

Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!

Also, streamlining the permitting process could speed things up even more.

First off, huge congrats on making the jump! 

Also eviction fees, because that is NOT an easy or fun process to endure.I hope that helps!

Just ignore these threats and move forward.With a foreclosure auction less than 2 months way, its time to just start the short sale process now with Pennymac.

This is the best description of the process on the back end I have ever seen, thank you.

However, as mentioned already, there are positives to consider and as a rental property owner, turn over and vacancy is a part of the investment, so just getting some experience with that sooner in the process than you had planned on before review of the leases.