If their maximum bid instruction is acceptable to us, we tell the lawyer, as a courtesy, if we plan to bid higher than their bid instructions, and we immediately bid a dollar higher than their minimal bid limit when the sale comes up and the lawyer representing the foreclosure entity bids the minimum amount to start the sale.As another courtesy, I also talk to other regular investors at the sale whom I have done business with or whom I have another business relationship.

If so, how does this measure up to your investment standards?

You can house hack sure, however, your options are limited by that type of loan.

This is one of those sit back and relax, go do something for a couple days and check back within the contract frames.I know it is nerve wracking but you don't own the place yet so your level of control is limited.

I cater more to occupied because I like to modify or reinstate these loans which is much easier to do if the occupants are still in the houseAnother thing to consider would be the statute of limitations.

You may have to put yourself on the hook for the loan but have the property titled in the LLC, which some lenders will do as long as there are a limited number of LLC members. 

The estimate is around $7000 so it is over the 2500 limit. 

Besides cash, are here any other precautionary measures you'd take to be in the best position possible? 

As soon as they chose a pitt bull as a pet they limited their housing choices. 

I have an inquiry about a 2BR from a family consisting of a woman, her son, boyfriend and mother. I do not want more than 4 in this unit, but would not be surprised at all if more family moved in or they had another c...