Those are going to be my biggest questions when looking for something like this on or off the market.

Hi @John I'm based in Southern California, but I have started my out of state real estate journey in Indianapolis.

generally though if your doing this with other investors you dont personally know then a PPM would work.. or if its just a few say 2 or 3  then an LLC would work .

I did this with many folks on the road our lake house is on and they call if there is an issue.

If not, you are going to get pitched and sold and DM'd before you even know what's going on.Bay Area investors invest all over the US, but you don't want to just pick a random market because someone in an internet forum told you to.

Can I assume reserve price will be the same 180k or do you think FM has a formula in place in which they are ok to let go at X% below their "purchase" price so as to not be left with the house on their hands ?

I'm looking into this as well and I love the strategy implemented by Dr.

Why would they give you money in that set up?

I know a HELOC normally does not come with much of a closing cost, but over the long-term, this might make the most sense. 

Investment Info:Single-family residence fix & flip investment in Charleston.