What you won't be buying is a property held by an owner with a revisionary deed that after a period of time or upon death reverts back to the grantor, or a restricted deed that may revert back upon some future occurrence.

I was just curious if people in a similar situation when they started, started with wholesaling, finding subject to deals, etc. until they accumulated wither enough cash to make a purchase or got past the 7 year period until they could get financing.  

Plus, the plants periodically try to buy the properties that are close to move the people out of the areas for liability purposes for higher than market value. 

YA just remember it would not be smart to do anything with the property until the IRS lien period has expired.For example if you do a clean out and put thousands to tens of thousands in repairs and the IRS decides to redeem you will not be compensated for any of that.

Every state is different, but typically you have to work under a principal broker for a period of time, say 2 years, before you can go out on your own

A claim for the proceeds made on orbefore that second anniversary is considered to have been madewithin the period provided by Section 34.03(b), Tax Code.

So I can call customer service and in 3 minutes get a complete verbal date down on the phone.. it helps in real time when your working foreclosure stuff.Also any agent can call customer service and get copy of last recorded deed the tax info zoning etc.. sent over in a matter of minutes... out east when its kind of backwards form what I have experienced were you open an order and they don't order title to the end as you have to actually pay an abstractor to go to the courthouse I guess and physically pull data... so this leads to title issues at the end of the transaction were out here we have title within as I said 72 hours max of opening the order so you know up front if you have an issue and you have the whole contract period to work on it if need be.

It was a difficult drawn out negotiation over a 4 week period.

I was almost done with my inspection period and had no other prospects so I said fine well pay the first set of closing cost.

Period.