We just picked up a vacant property in Centerpoint, AL for $15k, and priced it to sell at auction, opening bid, $39,500, knowing ARV was mid to high $70k range & someone paid a buck more and we are happy clams, only a couple months.

As far as pre-foreclosure, its all public information.

Im taking a pre-licensing course to be an agent and my goodness there is much to study and learn!

I have a few questions...At closing, will the lawyer arrange to have these liens paid or is this something that I have to take care of on my own.

While the buyer is making their payments, inconsistent as they may be, they are not paying the CA Real Estate taxes. 3 years have not been paid and I'm getting ready to pay them.

There are many ways to pay PMI:- LPMI - lender paid MI which is a fancy term for taking a bit higher rate to absorb the cost of monthly MI for the life of the mortgage, depending on your credit score it may take .125%- .50% more in rate to absorb your entire premium for the life of your loan- BPMI single premium- similar to the above it eliminates the monthly MI premium for the life of the loan but BP part of BPMI stands for "borrower paid," so as you might have guessed the borrower pays this premium in a cash sum at closing either from their own funds or seller concessions they've negotiated from a seller or a gift from their giftors -BPMI monthly or split premium - MI can also be paid as monthly MI which is the stereotypical way to pay MI and it can also be paid as a split premium or hybrid whereby the borrower pays a good chunk upfront to have a greatly reduced monthly MI payment.Most people take LPMI and absorb it through the rate via LPMI to eliminate MI for the life of the loan. 

So your first deal if you made 50k then you can keep it all for example as you have already paid 25k.People do not either have the money or they do not want to put themselves out there with equity in their house etc.Part of being successful is letting go and going for it.

(Hard money) If you're looking at getting a conventional loan, get pre-approved first before you start looking for deals.2: Putting a house under contract means to come to an agreement with the seller, put it on paper (contract), and have them sign it.

What are you doing to bring the market value of property up beyond what you paid?

.)- Self sufficient flipping business (team of employees)- Retail Real Estate brokerage for retail deals and property management (most likely acquire pre-existing prop management business)- Expand student housing portfolio- Build out-of-state portfolio for passive income- Possible: Create hard money lending company using OPMWhew!