I will also note, that having loosely followed them over the last few years, their team listed on their website has grown fairly significantly.  

Hi all —Curious if there are any scenarios where you can loose money at a foreclosure auction.Say you are the highest bidder and you win the auction - are there any ways that you can still loose the property after that? 

Most flippers loose money on their first flip.

If you read my posts regarding San Diego Covid eviction moratorium, I forecast a rising rent in excess of the already very high rent growth.  

If it keeps up, that should help soak up the excess that was built and bring everything back in order. 

So long as each LLC does not own more than two residential dwelling properties, or more than four dwelling units total, the LLC may require two month’s rent as security deposit.Although elsewhere I have expressed the opinion that placing each rental unit into its own LLC is maybe not necessary for limiting liability, if an investor is subject to the new security deposit limitations, the idea of limiting the number of dwelling units in any LLC to four rental units, now has an added benefit of allowing the LLC to require higher security deposits.Below is the pertinent portion of the statute:(4) (A) Notwithstanding paragraph (1), a landlord may not demand or receive security, however denominated, in an amount or value in excess of an amount equal to two months’ rent, in addition to any rent for the first month paid on or before initial occupancy if the landlord meets both of the following requirements:(i) The landlord is a natural person or a limited liability company in which all members are natural persons.

I am loosing weight and it is as fast as microwave food.

I am unable to see the applications that have been submitted, as Nomad Lease takes an excessive amount of time to process and review them.

UP-SIDE: If you pay $900 to evict and they move tomorrow, than you can start collecting rent on a new GOOD tenant that much sooner so it is not money wasted, you can still break even.DOWN-SIDE, you do nothing and they don't pay, then you still have to evict and then you loose another month or two of rent.

I would seek CPA advise on this if you want to make sure you are not taxed on the sale excess (boot).Good Investing...