This is why you should always have cash reserves or line of credit to cover shortfall issues.

@Joanne Hanson Between now and when you purchase take the time to build up your cash reserves and learn the ins and outs of the different markets you want to consider buying in.

I worked the numbers in about 7 minutes just to confirm my rule of thumb, called the listing agent to confirm if they were currently leased at what I thought they should bring for that market, sent a full price offer without waiving my right to inspection. 

Cash reserves and partnered with private money.

Add a vacancy credit, R&M budget and capital reserves depending on age and condition of home (roof, MEP, windows, etc.).Also add in 7-10% of revenue for property management.

Going plain Jane and buying a fully rehabbed property with a conventional lender will cost you 25% down. they are going to want all sorts of reserves, etc and that 25k that you have saved up, unfortunately, will not go far. if you have any questions, feel free to contact me!

If you are in a financial position that you can put 20 percent down on a home purchase (investment or primary) AND still have reserves (emergency fund), then you are in good shape.

In the other case, the borrower dropped the lawsuit once her Ch 13 BK plan was confirmed.

This is why you have to have adequate reserves... especially when you are working with financed properties.

Thats what i wanted to confirm if something is needed to see these auctions like fee/deposit/membership etc...