Minus the 1031 Exchange protection?)

Generally auctions with large numbers of liens tend to get a lot of competition from national players.

I'm looking for  advice/opinions, I'm about to have a attorney setup a LLC for me, I know you can due it yourself cheaper but I heard you don't receive the same protection for your assets .

@Mike BowlingTypically LLC's give a layer of legal protection.  

Former football player, still very active, I have a full time job as a med rep.

This case is for owner occupant.If the property is tenant occupied , then after you receive your deed (title) you must make contact and find out if the occupant has a true lease . the following tenant act was created .Your Rights Under the Protecting Tenants at Foreclosure Acthttps://www.shra.org/Portals/0/pdf/hot_topics/Fore...At the end of the day you will achieve full control and possession of your propertyHope all this help a little

@Ahmad Hijazi  prey is a little strong... but there is no question that CA investors are market makers all through out the mid west and turn key venues. with out them the real estate would not be worth even whats its worth today it would only sell for what a local investor is willing to risk on cash flow basissee my famous thread " 2% rule kills Values"  8 pages of thoughts from most of the top players on BP

.-- The income they do report (which is probably very little) could put them into a protected class, making things like evictions harder (always check state and local laws when it comes to that).With all that being said, the risk is on you.  

Well, if you are smart (and I think you are) you are going to put insurance in your name as the new owner to protect yourself.

He sends me back a text, all huffy, about how it's not real smart to deny a qualified renter by electronic communication, like he's making a threat.I told him, unless he's a member of a protected class, i can tell him to take a flying %$#@.