If you outsource management you may find a 5-7% return increase over the indexes (nationwide average), which may or may not be worth the risk/effort.

I think this site will be an outstanding place to help me pursue my goals.

Shaun,I was in a similar boat as you where I had no CC debt, but had some outstanding student loans.

Can anyone help me figure out how to find out if there are any outstanding liens on a possible home that's up for auction.

Also they say they are nationwide lender but they have no NMLS # listed on their website.. so there are about 17 states that its mandatory to have an NMLS accreditation to do loans for 1 to 4 unit properties regardless if its for commercial purposes for not.I always right off the top.. have my doubts about any lender that states they will do loans from 10,000 to 40,000,000... this is a huge red flag for me.. it just shows they are some type of brokers.companies that can actually do a 40,000,000 loan are not going to hide behind this type of company and website.. if that makes any sense.Now I can't say if they fund or not.. but its just my personal opinion and observations of how I like to see a lender portrayed and how I portrayed myself when I owned my HML companies.

I was unable to find this scenario, but if someone is aware of an existing post or can help, I would be very appreciative.Background:-Established an LLC with a partner and bought a single tax parcel of land with 2 existing buildings on the property (1 multifamily building in good shape and fully rented - Building A; 1 in substantial disrepair - Building B)-Financed the entire purchase (both buildings) under a single blanket mortgage secured by all of the assets of the LLC-Worked with an attorney and the city and had the buildings legally separated; No loan modifications were made (or required)-Did a full rehab of Building B and turned it into a multifamilyNumbers for Discussion Purposes: -Building A market value $225K; Tax basis $115K-Building B market value $450K; Tax basis $225K-Blank Loan outstanding $325KQuestion:I now have the opportunity to sell Building B for the assumed market value above.  

On Facebook : "Nationwide Note Buyers and Sellers" - you may have to request to join some of these groups.I HIGHLY recommend searching keywords related to our niche and see what comes up, examples:"California Note Buyers" "Nationwide NPN" "1st Performing Notes" - i used this technique to grow my online network in a very quick amount of time. 

My lender that does this is called Gold Star Mortgage and they are nationwide I believe.  

Through the company I work for we have over 1600 contractor at our disposal nationwide so I'm not just limited to investing in one place.

Don't discount that condo fees are unpaid and outstanding and you'll likely have to pay those off as well in order to make the deal happen.