At that point, the clock will restart by 5 minutes after every counter bid, until the bidding stops.With mortgage foreclosures you'll want to guarantee that the property is vacant to avoid going through a messy eviction battle.  

I manage 400 rentals and have only evicted one tenant through court in the last ten years.

Mitigation Strategies:Consider qualifying as a Real Estate ProfessionalGenerate passive income through strategic investmentsPlan property dispositions to release suspended lossesMake appropriate grouping electionsStructure leases to demonstrate active participationThe Bottom Line:Cost segregation studies remain a valuable tax planning tool.

It may be more difficult to get financing and a good rate buying through an LLC. 

Either way, you’re in a great position to start building wealth through real estate.

We’re looking to increase our lifestyle through the decrease in housing and built a little passive income medium term. 

. - Accelerated growth through combined efforts. 2.

#McCormickI have some Youtube videos (link in my profile) that will help with some of your questions and I'd be happy to have a call to help walk you through the market and what you should consider when looking here.

Here in Colorado, you need to have a real estate license, and in order to get your license you need to go through what basically amounts to an apprenticeship for two years (associate), before you can have your own firm.  

The property was listed as a probate, so I had to go through my agent.