Being a newbie to REI, it was a good feeling receiving a message from a motivated seller who left her name, number and the property address on my Google voice number. 

You can probably find out what the foreclosure bid was going to be (there is no auction house) the Trustee is on the deed of trust and that note was filed as public record, they may tell you.The investor who bought the note probably paid very close to the payoff, perhaps more with costs to the bank. 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

Compare the cost of insurance to the cost to set up an LLC and factor in the annual filing fees and accountant/attorney fees.

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

Assuming you file a joint tax return why complicate things?

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

Aside from the email I sent the prospect tenant, I also called and sent them a text since their voice mail box was full and explained why I their app wasn't accept which was due to inconsistencies with job employment.

As an alternative, set up a Series LLC, to file one tax return for what is legally treated as separate LLC’s.

Do you think Arthur Blank is the named owner of Home Depot or do you think he filed an entity?