Other auctions are conveyed by grant deed or warranty deed, and those carry less risk, so again, study the terms and conditions of the auction.You will most likely be buying the property AS IS with no warranties as to condition, code violations, etc, and in some cases the properties are occupied by tenants or former owners and it will be your responsibility to evict them.

They are internet based so if you work with them, you have to be prepared to be technology-savvy enough to scan documents and upload them to their secure portal.

Also, you will have really high utility bills, because your guests will leave the heat at 75 degrees with the window open.You will also have to either get a management company or deal with marketing, reservations, contracts, receiving payments from guests, security deposits, housekeepers, maintenance, keys, etc yourself.

Any added expense from her blocking you will be deducted from their security deposit.

I find that it's the little things in life that people take for granted (like networking) that can really turn something into a success or make it a failure.

Property is owned in an LLC (single asset entity, formed just for this deal), LLC is the borrower, property AND my interest in the LLC secure the loan.

For a single family I know I would want more just to feel secure.

You can then sue in small claims for damages in excess of security deposit.

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Whether that is in securities, real estate or cash holdings, there isn't any way to trick a bank/lender into thinking you have more collateral.