I bet someone can guess what the project is called.

Guess the Noobie title will stick for a while until I figure it all out.BackgroundI reside in Palm Beach County, Florida and a former NY'er.

I had originally purchased the house for $78k and at 2%, I am guessing that the rent would have to be around $1560 which nobody in their right mind would pay for that house in that neighborhood.

I guess I'm the Wizard here.

I've got a lot of questions on a variety of things re: real estate investing and it looks like this forum will be able to give me some good answers.I'm guessing this is where we tell a little about ourselves.

I guess it seems like a pretty good deal?

I guess the way this works is the Seller is paying us our expenses.

I guess......

You don't say where you are; but I can tell you that in TX it is standard practice on a "foreclosure" (actually a trustee's sale) to issue a Special Warranty Deed, because the trustee was issuing the deed as a function of their obligation under the terms of the Deed of Trust.An "owner" selling would issue/sign a General Warranty Deed, however when you delve into what is being warranted under the terms of each it would be impossible for a trustee to sign anything other than a Special WD.I'm guessing you did get title insurance with this.You did get a "Warranty Deed", granted a SWD with this purchase.

I would guess that your strong background in the industry will provide you with a solid and knowledgable foundation for this next step in your life.