A foreclosure afterwards does do some further damage, but the majority is already done.If the property sells at the foreclosure auction for more than the judgment amount then they would get the balance, assuming there are no additional liens..You will hear a lot of untrue and exaggerated claims and ideas in guru “training”.

FYI it’s very watery and a bit difficult to work with.

You'll just need to find the balance of giving amazing and caring customer service to those sellers in need along with remembering as an investor, you are a business and you will need to create a win win situation for both you and the seller.

If you have income it is difficult to avoid paying some taxes, and tax evasion can get you in big trouble.

With the Real Estate account, we generated phone calls and website visits, but it's was difficult for us to track on-site conversions since we didn't have our AdWords linked to their Analytics account.Regardless, you will be generating clicks at a small fraction of the cost, and there's a good chance a portion of those clicks are landlords who are shopping around. 

And in many cases getting an accurate forecast is very difficult or even impossible to do.The good news is that you are actually thinking about this. 

As an example, a house that requires $50K in structural work to be inhabitable might be so difficult for other buyers to purchase that a smart investor can pick up that property for much, much less than $50K below market value (and keep the spread as profit).Now, you might wonder why a homeowner (or another investor) wouldn't come in and pay closer to market value, spend $50K on structural repairs and then have some equity in the house.

I'm certainly not an attorney, so not up to speed on all things legal, but in my small brain way of thinking, if HELOC loans are not allowed on Investment Properties in Texas (by Texas Law), I find it difficult to believe PenFed is doing HELOC loans in Texas on Investment Properties.

@Michael S. whatever you choose to do I sure hope you consult with an attorney and have your contractor sign a clearly stated operating agreement outlining the work expected, deadlines for said work and payment schedule based on checks and balances from you also outlying your obligations as well. 

It was difficult finding info greater than the past 10 years but I found this one below.