It is a great site, but can be a bit daunting especially as you go down the rabbit holes of all the different options.

I was unmotivated when I posted this and was blaming it on the site, but it was how I was interacting with the site, not the site.

If you'd like to invest alongside us, please visit our site and sign up for our newsletter.

The last thing you want to do is go through formal sale since you’ll lose the Prop 13 tax basis, which is likely a $20k/yr saving.

You're going to lose your loan from what I understand.

You may recoup the money, but there's also a good chance you'll lose some.

This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

if you buy a random property on Zillow and turn it over to people you have never met, you will very likely lose money, get frustrated, and set yourself back.if you're serious i'd pick a market and plan on making several trips there. 

Have you searched your county site to identify those that have bought land in your area the past few years and then contacted them?

I am in the Charlotte market and surrounding, and I do everything from luxury $950k-$2MM to starter homes from $250k to $300k and townhome sites.