I recognize the market is a lower rent market, but the unit looks like it was rehabbed for a lower rent market.It looks like you reduced the rent $100/month ($55 the $45). 

I know there is a law that it goes back to bid after auction so there is some waiting gameTo answer your question after you receive the deed you can have a title company call the lender for the payoff whether you pay off note or wait for sale depends on if the first has filed foreclosure or where they are and can you sell it before then, but recognize late fees and interest continue to accrue which if they get legal involved adds up quicklyI always want yo buy the first that way you have control

In order for public records to show/recognize it as a bedroom, and for you to be able to advertise the extra bedroom in the MLS you will need to pull permits recording the structure/layout change. 

Was looking for investment opportunities in the Smokies and recognized this as a great opportunity with lots of upside.

In order to meet this goal, I have created what I call an affordable real estate coaching program that I wanted to open up for feedback in the forums.First of all, I recognize that real estate information is published and shared all over the place.

Here is a possible journal entry for the borrower when receiving interest cap premium payments:Initial receipt of interest cap premium payment:Debit: Cash (or a specific cash account) - Increase the cash asset accountCredit: Unearned Interest Cap Premium (or a liability account) - Record the liability for the received premium paymentRecognition of interest expense over the term of the interest cap agreement:Debit: Interest Expense - Recognize the portion of the premium related to each accounting period Credit: Unearned Interest Cap Premium - Reduce the liability account as the premium is recognized as an expenseWhen a borrower first buys a cap rate it goes on the balance sheet (asset)  instead of the income statement right?

Based on everything I've read and heard, that whole area between Caldwell and Boise is going to see massive growth during the next two decades, and the state and national government recognize it and are preparing accordingly. 

Bigger pockets community, what advice do you have to keep a long-term tenant happy I think it’s amazing that you recognize the value of having a long-term tenant!  

Having a background in customer service, I recognize good service when I see it.

@Peter SikExclusive Agency Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker if the property is sold through the efforts of any real estate broker.5 Reasons Exclusive Property Listing Benefits Sellers1.