It didn't appear to be a SWAT raid or anything that serious judging from the picture.

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.

I had a DEA raid (full on swat with machine guns, helicpoter the whole thing) on one of my nicest properties....talk about a mess...try getting your place back to rent when it is a MAJOR crime scene and all their stuff is there....4 months before I got it back and of course then all their stuff is there and they are in jail...not super easy to serve eviction paperwork to someone in federal prison...anyways...now it is just a war story...haha Keep it up, and when you are done, really look at your processes...my gut tells me you are a nice guy...be a nice buy, just NOT to your tenants, doing that is like letting the dog eat at the table ....they will just go nuts.Originally posted by @Ryan Keenan:Originally posted by @Richard Sherman:Dude-  I know it has been said before but I will say it too1.

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.