I raise this as I'm not interested in purchasing in our name and then moving the loan to an LLC, I'd rather have it all transpire in one of our LLCs. 

And @Sarah Brown I'm still sorry about what transpired between us. 

Since the house is pretty close to public transpiration and Google/Apple/Hi-Tech company bus station, so we were thinking that maybe finish up the basement to have more bedrooms and bathrooms, would attract those high-tech working professionals to share the house and bump up the rent?

Here is what has been done, and here is what has transpired in trying to attract sellers.- Logo designed and color palette chosen for consistency and professional look- Facebook and Instagram biz pages put in place- I am a graphics designer and created templates for coming soon, new listing, etc online ads using chosen color scheme- Website created (no IDX due to no money :-) )- Door knocking on 100 doors and left flyers I designed.

It has been about 8 years since all of that has transpired and it is time once again to do something new. 

Suppose the worst case scenario transpires, can you borrow from a 401k or credit card at a reasonable interest rate, sell some stock, etc.?

It's important to document everything that has transpired and everything going forward too.

You also did not address if you would let the lender know what is about to transpire in regards to it's contracted loan holder or if you would even let the loan holder know that it would possibly breach the contract with the lender at all.

It pissed me off, cause I did the research and could have made from 12-24 K depending how far I went with the rehab.I blasted him and shot an email to the company owner, who called me to see what had transpired.

What should I be looking for when I attend the auction iam not necessarily going to purchase any properties I basically want to go to see how it all transpires.