There could be other liens that may not be extinguished by the auction so be very careful there.

Insurance payout if there was an accident on the property, umbrella policy would pay beyond what primary insurance didn't pay.Take care of your property and your tenant and it is unlikely that you would be sued.I have heard that people move the deed into an LLC all the time as the property is still secured by the mortgage that you signed.

Be careful, as they will use some unrealistic renovation and ARV numbers but you can still find good deals from them.

Even if you have to keep paying your loan, your investment is taking care of it.

It's just too easy to stay close to home when you loan money, Michael, so be careful and good luck.Jeff S.

So it sounds like the Title company can take care of switching the lease into my name? 

Be careful if you automate this or dial people on the Do Not Call list, big $$$ fines and liability for violations.

Why should I care how much the price per unit is if it is only determined by how much they want from the building?

I was wondering if anyone who has or currently invests with partners would care to share their stories of how you met with them, your goals and what has helped you guys succeed the most.I currently live in MN and would like to keep my options open investing locally and out of state.

Pierce is ok also but you have to be careful of some of the areas there.