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.

I guess I'm trying to understand if the owner ends up knowing how much you get it for if you end up in a short sale scenario.Thankssteph

And then asking me questions on how to structure the deal (i guess they do deserve their commission?)

I guess not.

new sheetrock new cabinets new toilets and appliances that is why the 30K rehab costs and why tey rent so fast....No splash and dash jobs....If I join I haveinsvestors willing to buy at the 60K mark and will put 12K in each so they will have cash flow on a 30 year AM..Guess we will see when I get there if they are TELLIN the TRUTH to truthteller...Really impressed with the dialouge here!

I guess there are a few things.

So I guess I will get to test my "closer" skillz :groovy: Any further advice or reading material or research sources?

I have thought about using a hard money lender, but I dont know much about them.I guess what I'm asking is: Is now a good time to start investing in rehabs?