If you are talking about an HOA in FL, you actually have no rights to the excess funds in a tax deed sale.

Not worth to set up LLC at this stage (assuming that this is your first property).

That doesn't mean anything at this stage.

I think the important takeaway from this story is that eating at Joe's Crab Shack excessively will turn any millionaire into a pauper.

Worst case scenario you can find private or hard money loans, at this stage of the cycle I know several experienced and even more new lenders who are practically falling all over themselves to make new loans.Also I do recommend @Russell McGinnis’s suggestion of driving around any areas you’re thinking of investing in, to get a feel for the area.

I'm currently in the education phase here and had an idea that I think is good, but not sure...Hypothetical situation: While in the early stages of my investing career, with little track record to approach private lenders with, having $150k to start with, could it be a good idea to find a $120k property, pay cash, spend $20k on rehab, and sell at $170 ARV as quickly as possible?...

IMO the unit may need a serious clean-up and repaint, then professional staging to get it sold.  

Presently at the pre-approval stage.

Hello BP community,I'm at a stage in my real estate investing business where I think that I need to have an actual business location.

Since we are in very early stage, I want to play cautiously from here itself.