The holder of such a right does not own an interest in the real property of the owner but has an executory (meaning to happen in the future) contractual right which, when triggered, may require the owner to convey the subject real property to the holder."

Auction .com generally has 4 different scenarios for listed properties on their site.1) REO2) Trustee sale where auction.com is actually acting as the trustee3) Other foreclosure auctions where they are not involved at all....I've seen these more frequently in the last year here where all our foreclosure auctions are judicial, and done online thru the county clerk of court sites, using a third party platform (not auction.com).  

@Stan Hrincevich I've seen your anti-HOA posts previously and frequently it seems your argument is more with the PM than the HOA itself.

I am an investor who buys subject to properties in Houston.

Just make sure you have an interest in the subject property and you should be fine.

Would it be possible to use the commission from the subject property as a down payment

Make sure the lender understands that this is a purchase and fast resale and try to get a response in writing from them because many underwriters will not know the specific requirements or that they can waive the requirement with a 20% down payment (they do not deal with flips frequently).   

So hear goes...In doing the BRRRR strategy, are you still subject to the 4/6 Fannie/Freddie loan limits with the refi's at the end of the process?  

So no, I don't consider this frequent turnovers with such a small sample size for anyone to make assumptions.  

If just a lease option, then the monthly principal buydown will be viewed as an installment sale, and subject to dodd frank requirements.