Happy to provide you with references if you ever decide to try it out in Memphis TN.

If you buy primary you only exclude $750k loan interest if you itemize deductions instead of taking standard.

Please let me know if I can refer you to my contacts to discuss. 

The floor area is to be calculated on the basis of total dwelling unit area.Thank you for making some excellent items to consider going forward.

Its a possibility but would need some more infoWhat is the pad rental income only along with the other items below which I need for pricing.Property Address (so I can view the property and confirm that it isn’t rural):Your Approximate Credit Score:If occupied by tenant(s) what is monthly or annual income:If you like you can PM me too.Thanks

OP your byline references Lakeway, Texas.

Since this is my first go around - I'd really appreciate advice on the following:- any references on lawyers /firms to work with to go through the Barment and foreclosure process without breaking the bank.- Ball park ranges - what can I expect the cost of this process to be?

@Zachary Sakena Purchasing properties through an LLC is all you truthfully need and that is more for business planning than anything else (if you consistently follow through on the items I previously shared). 

If you're referring to the Gain on Sale from your example, it's a Section 1231 Gain and is taxed accordingly. ...

There is much to learn in finding out who owns vehicles and how to go about getting a title for it as well as auctioning off said item.