It seems like a town with a lot of opportunities.

@Mike Hern Hi Mike thank you for getting back to me. i did ask the person (a realtor who was at the auction who told me about that stuff after i had placed my bid) who ran the title search but they just wanted to make money it seemed cus when i went to ask them they said they dont know how to read it lol or tell me if i bid on a 1st loan or 2nd loan which was i even asked for it from her. how else can i know or should i run a title again thru a lawyer or title insurance company ?

Seems to me like the risk is getting smaller each year, meanwhile the upside is growing. 

I'm inclined to allow it, seems like a common request these days.

The Frank Gallineli book seems to have a good amount of financial information and will then be the next read for me as "The Millionaire Real Estate Investor" seems a little more mindset based.

I'm basically looking for something that glazes over or goes in depth about how an investor can set themselves up with as many options as possible to go about buying, but I can't seem to find anything.

On the surface, it seems like it meets a lot of broad criteria for being a positive investment, including a positive cash flow at a currently high interest rate, but I don't want to miss on my first step into this.

Seems to cumbersome.

He purchased apartments for 60k which are now valued at 300k but it doesn't seem like they'll go up any higher.

I have started analyze the deal and am still working on the details. monthly costs are roughly $1300Potential income is between 8k-9k dependingcurrently only 1 lot active at 950/mnth9 others with mobile homes in need of repair - cost of rehab of all units could be up to 100klot rent would go from 300-400 per without homes in this area seems like a pretty high upside and not very low downside to the deal.