View reportSo here's the deal: The house next to mine is about to go up of for auction. The note owed is 132k, the min ask is 135k. Personally, I want it if only to control who moves in. THAT said, I have trouble beli...

@Oliver Sparks first...

@Oliver Evans - Hello Oliver, I am glad you reached out to me.

New Olive Garden opening up within walking distance. 

OK, so in WI if you bid on a first mortgage, all other liens are "foreclosed out" with the exception of government liens and often you can get those removed if they are not for the property, like back child support, or income tax for example. you should buy a title policy if you are concerned, I usually dont, because I know the Sheriffs Deed is as close to Virgin Title as possible (assuming you purchased a first position) I dont think you have anything to worry about. 

As @Kenny Oliver pointed out, most homes will require a little bit of capital to get them rent ready so that needs to be factored in along with closing costs of all these properties which hasn't been mentioned.

@Gregory Virgin it's not a whole lot different from residential for properties like this other than the leases and pass throughs.

@Oliver Ham I would do my best to push as much cost off to the others you are house hacking with.

@Adam Craig Ive seen a nice navy blue or an olive tan go well with brick

@Oliver Sparks thank you Oliver, great suggestions.