There is no date entailing if the property will go to auction, so my question the BP community is, Should i make an offer directly to the trustee for the remaining mortgage, is there any particular formula in which these banks (chase) operates???  

It’s basically just a notice that there’s a pending legal action where one party is asserting a claim to real property. 

Being global entails that the investments would reach across our borders in the USA.

Hello Account Closed,If you are using financing to get the house, you will sign a note (promise to pay the loan back) asserting that the residence will be your primary home for the first 12 months. 

Also, wholesaling takes a lot of work and I see a lot of people get burned out quickly because they didn't anticipate how much work it entails.  

And what does that entail, exactly?

(For example, the easiest method I can think of, is it acceptable that one of the partners write a check which is commingled with the funds in the other  partners checking account, or would that count as taxable income for the receiving partner, or entail other pitfalls.)Any input is appreciated. 

I would take the smaller steps approach I have laid out rather than the entire $1M and diversify.Lastly, long term holds with income property is a great way to build a lifetime of income streams and net worth, I recommend it if you have the desire and ability to be a landlord and all that it entails.

Like I mentioned above, I've read most of Garrett's books, so I'm well versed in what it entails so I didn't need any guiding.

What does this entail?