If you want to bid at the tax foreclosure auction, you'll need to get a statement of no taxes due from the county clerk beforehand. 

Once the economy goes into “correction” mode lending and terms may not do so good ...so make hay while the sun shines and take action .

When I see a cap rate that high, I tend to be suspicious that it wasn't calculated correctly.

If you don't have an interest in the property and market it, you are acting as an agent without a license.Someone, please correct me if I am wrong but I have asked the same question as above and this was what my research produced.

If you set this up correctly, your assets will be protected. 

I found one on the MLS and ran number against it and wanted to know if I am doing it correctly or if anyone has pointers,Here is the rundown:Sales Price - 37,00025% Down Payment (from a HELOC) - 9,250 Remainder - 27,750Closing Costs - 4,000Mortgage - 31,750Income:Rent - 750Payments:Mortgage & HELOC (@6%) - 293.78Tax - 75Insurance - 100Repairs (5%) - 37.50Vacancy(7%) - 52,50Property Mgmt(10%) - 75Total - 633.78Cash Flow - 116.22I want to pay off my HELOC as quick as possible, so that should up the cash flow to 219.64Please provide some feedbackThanks in advance for your help!

I estimate the repairs on my own or based on my acquisitions manager's estimate, but after contracting have GC bid every property prior to close just to make sure we didn't overlook anything. 

It will make some difference as to whether you will be dealing with an escrow company, title company or law office for your closing.You are attempting a short-sale on a pre-foreclosure property, correct?

I stand corrected scenario 1 - interest rate is 4.75%  and scenario 2 is also 4.75% along with a 7 year term .

Quick question as an aspiring foreclosure investor:In the event that you purchase a property at foreclosure sale in Florida and the homeowner redeems, what happens with the money you bid?