Just read 2 recent article (http://www.govtech.com/gt/734535 & http://www.palmbeachpost.com/money/real-estate/palm-beach-county-foreclosure-auctions-to-go-online-113473.html) that miami-dade and palm beach county in South Florida are making their trustee sales accessible online.

Tmayn, you may want to double check your figures with regard to purchase price and 9.5 or 9% rate... using $350k, it is true at interest only you may have a little less than your normal payment but, who will be paying the taxes, water, sewer, electric, heat, repairs/maintenance, etc?

It would be better if they were private owned trailers and NOT rentals.Mobile home renting is another whole can of worms,,,course your probably warmer there than here.Read-less heating costs.

Uwe said it best...dj, are you also taking into consideration....other factors.Such as water, sewer, trash, HOA, gas, heat, electric...Often times owners of multi family properties pay 1,2 or up to all of these cost, which should be subtracted from the gross income.

I don't know if you included the other cost in your expenses, such as water, electric, heating, sewer, trash?

The gas/heat will not be turned on until the 29th.

The house is clear of any mortgages, liens (no money is owed for it).We plan to rent out both sides of the property, but we need money to finish the renovations (central ac/heat, carpet).We need roughly $12,000 to finish the house and make it available to renters.My questions are :What would be the best loan to try for Equity loan , HELOC, or a Personal Loan?

I own a 3 family apartment building that has natural gas for heat.

I got my tickets for when the Miami comes to Columbus, can't wait!

To stay out of trouble, I suggest that you get the seller's attorney or CPA involved, let them take the heat.