You have to get lender to cosign the check.I would not want my PM to get a thirty thousand dollar check and decide to do as he thinks okay.Loss payee is you and lender, with check mailed to you.

And even if you are still paying thousands out of pocket every month, that's still better than wasting money on rent for two critical reasons: not only are you building equity in your primary residence, but your building a lot of equity very quickly because of the income from the tenants who are contributing to your mortgage. 

None of them ruined me financially or hurt my portfolio.

It was place your bid and that's it.  2nd, I made the mistake of not actually bidding what I would be willing to actually pay for the house instead I posted a couple thousand above the tax lien.

I'm not sure this is true, since there are thousands of people investing in STRs on their own. 

For a real one it is 2 thousand or more but this one is less.  

They won't approve anything until it meets their standards.Essentially what I'm saying is this: Make the investment in PM when you know the least about simply anything, Stabilize what you have by surrounding yourself with a solid team(I would be toast already if I didn't do this myself), Don't let dollars and cents cost you thousands in both the short and long-term, and don't put extra liability directly in your hands if you don't understand how to handle it.

It will save you literally thousands and will act as an insurance policy in the event you get audited since someone else did your taxes and you didnt throw them into turbotax and hope for the best. 

Even if I were found guilty, the cost would be in the thousands, not in the millions.

A few thousand dollars on a $100,000 property may feel like chump change in the moment, but if this strategy saves you a few thousand dollars each time you negotiate, you will end up saving tens of thousands over the course of your investment career.Think about it like this: you wouldn’t bay $200 for a dishwasher you could get for $100; whether you are saving that money on an appliance or on the purchase of the house, a hundred bucks is a hundred bucks.Be careful with this strategy since the seller can negotiate with other buyers while you are making them wait… if there are a lot of buyers interested in the property and you implement this strategy, you’ll end up losing the deal.