The three bidders later had their offices raided by the FBI.

So When the FBI Raids the Bank That Has the REO?

Said company was none other than Taylor Bean & Whitaker, whom, if you don't know were unceremoniously raided by the FBI, indicted and finally jailed in April.So, after even with a very cooperative title company, I finally ended up at HUD who then sent me to their asset management company, and the final guy said, "I'm sorry, but I have nothing to tell you, we don't have any record of the property."

I'm buying at a significant discount compared to current rental value, and even if rents dropped 50%+, I could cover the payments without raiding my personal bank account.

Your story resonated with me, as I am a young and new investor in NJ who is just finishing up a few months of "research mode", raiding my local library and slowly trying to sift through the ~300 awesome BP podcast episodes for nuggets of wisdom.

These thieves conduct military-like raids on facilities, stealing the plants and attempting to destroy the irrigation and lighting systems. 

Here is the list of problems: The front door barely opens, NONE of the doors close correctly, garage door has been replaced but the electrical still needs tackled, no doorbell, no fire alarms or carbon monoxide alarm, no working outside lights, a severe mice infestation (who have now raided my brand new couch), no insulation in the mudroom which is allowing cold air into the house and raising my heating (propane!)

You can charge the entity a management fee to manage the property.My partner and I raided our pension plans and did everything we could to invest.  

The talent was raided to the point of no return.

Just last month I had to raid some kids' college fund to close a deal because some idiot lender didn't ask for bank statements prior to preapproving and/or didn't actually look at them (like your situation).