This is my 2nd auction acquisition, but the first was vacant so I didn’t have this step. 

After much more supplemental research and reading through Montana chapters for their tax lien and auction process, it would be a tight window to tackle this year, though not impossible - at least if it's something I would build on next year.I expect close to 160k in forced appreciation from the rehab on my current home.

Locating properties has been the tricky part for us to navigate (tax deeds, auctions, foreclosures, reliable wholesalers, vacant properties, etc).3) As we embark on this journey, we are also looking for mentors who can guide us through the complexities of property investment deals. 

I'm exploring tax deed auctions and there is a ton of raw land that pops up at these auctions.

Up until the trustee sale (foreclosure auction), the home is still owned and fully controlled by the home owner.I’m assuming you’re going to be looking at off-market properties (since loan status isn’t something they advertise on the MLS so you likely wouldn’t even know if it was in default if it’s a listed property).So, in that case, you’d just negotiate a purchase agreement with the home owner and then take the contract to your local escrow/title company to open escrow. 

Unless you have boots on the ground working off-market deals or even the tax auction, I advise extreme caution.

Us bank played trustee and guarantor in sham of a foreclosure where they could not prove they were a PETE  and had been hit with their 4 the ftc sanction FOR stealing homes, used hole in the wall attorneys in Bellingham using typos in name and address to not get flagged for too many foreclosure by the courts, Windermere stellar real estate who say outside of my home waiting to lock me out despite supreme court stay on their theft, judge Lewis who signed every Forged/inaccurate/misleading  paper they put through AND denied my restraining order of the real estate company staying called them to see if they were harassing me and they Said no so denied temp and all together day in court altogether plus put a no Bail hold on me after looking my arrest for trespassing even though was taken out of his jurisdiction and in federal court staying paperwork not filed correctly then laughing saying I didn't know why You're here is in supreme court when I got out of jail and made it to court hearing, the assessor for king county who was on third foreclosure company because feds kept shutting them down so opened new one in different name, every process server was at least 200 miles from me and each one different for each document never served to me but judge Lewis signed them anyways(one was supposedly served to me 3 months before case was even filed), Vancouver Police department who had no jurisdiction on the civil matter that arrested me and gave my house keys to the realtor that was sitting outside waiting, and finally to the site veteran that they used to sign in all three places to transfer title and get veterans protection for title after 2 illegal auctions, one public one private, where they were only bidders and opening bid was above value of house, paperwork stated was bought by lsf8 AGAIN!!! 

But what about buying at auction?

This deal is based off a real tax deed auction property in FL:1912 Sq ft 3/2 SFH in Bay County- ARV: $415,101- Estimated Monthly Rent $2,984- based off 6 comps within a 1 Mi radius.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

My wife and I had a “corporate meeting” and we made them and offer and ended up purchasing the property for $1K over our offer price at auction.