He calls me yesterday to tell me that the court took away his POA and the house.

I've also seen a lot of RE Investors write their offers as all cash, then when it's time to remove contingencies and proceed, they let them know it's Hard Money and they just have to write an addendum to the contract.Hopefully this helps a little!

Those that charge $400 for the SD rent their units faster and tend to end up chasing tenants for damages/lost rent through the court system.Be aware that there laws related to security deposits and in some states here there are limits on the amount of security deposit a landlord can collect.

(if you can't take a slight loss find every deduction you can in the book and record the items and then sell the property to lower your taxable liability.)Then take those proceeds and use it to pay off the other 2 properties!

After the auction the courts will issue a deed placing the purchaser at auction in title to the property. 

As for judgments, mentioned by Bill Hochstedler, in MA a court case is a public record (and now many court dockets can be searched on line) but unless The EXECUTION was recorded by the sheriff as a lien against the real estate, it would not be at the registry of deeds.  

Taxes are just like mortgages, or any other debt....they get paid out of the seller's proceeds at closing, with a straight sale.  

I want to purchase some multifamily properties in my area and I have some questions about the manner in which I should proceed.

This year alone, Wayne County has started foreclosure proceedings on 56,000 properties, with about 20,000 of them headed for auction.

In MA they are not published but if I go to housing court all the cases are posted on the wall in the lobby showing the landlord and the tenants names.