The only winner here now is the seller.

If a property goes up for auction, does the buyer, or winner of the property up for auction, take on the estimated debt as well?

Long story long, I am 25 year old Marine veteran and I just quit my job about a month ago.

I was in the Marines stationed in Beaufort and bought my first motorcycle in Chareleston down by Folley beach.

Plenty get paid or pulled before the sale...so I don't want to show up at the wrong county....Depending on the property and what it is I may drive by again the morning of the sale to make sure it is still there or I haven't missed anything...that I have the right property, etc....Then hope and pray about 30 minutes before the sale, that my competition has overslept, on vacation, at another county buying a piece of junk, or is out of money...and that I will be the winner that day.I'm sure there are a few steps missing, but that's the basics.

I work with a marine and he makes over 200K/yr selling roofs and drives a Maserati with the roof money.

*And it may be happening again We have a winner:  "...and they bought properties that would never cash flow.

Cost Seg and 1031 Exchange tend to go in hand-in-hand.This is a forum for "can do" winners, not for "can't do" losers.

We lived in a crappy apartment in Marin.  

In it for the long haul and option#1 seems the winner.